Friday, April 17, 2009

KBW Bank Index Up 100%

Not only did the Dow finish the week at a 2 month high, for its sixth straight up week, but the KBW Bank Index closed the week at 37.91, reaching its highest level in three months. It is up by 100% since the March 6 bottom of 18.62.

This what money printing can do at stage 1. Of course, at stage 2, the price inflation arrives.

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