Back to 2002

The Financial ETF “XLF” had a high of 18.37 yesterday.  To put that in perspective the low for that ETF before the run into the bubble in 2007 was 18.52 in October 2002.  The bubble high that followed in May 2007 was 38.15.  The low after the bubble burst was 5.88 in March 2009.  You probably didn’t know banking was that exciting.