Wednesday, September 21, 2011

Regional Bank ETF Makes New Low

Even though the S&P500 is still 66 points above the annual low set in August, regional banks are making new lows.  The regional bank ETF, KRE hit a new low today.  Unlike the KBE which includes the larger  money center banks, it's harder to blame the KRE's new low on exposure to international pressures like Greece.

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