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With its closing price of 60.87, the KBW Bank Index has now erased 100% of the gains it had off of its October 2002 low. Even worse, the index now sits less than 2 points above its low from October 1998. Talk about a lost decade.
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Looking on the bright side - and I agree it's not easy to do - at least investors in banks have received healthy dividends during these years. It would be interesting to see an bank index that took this into account
Posted by: Bryan | June 24, 2008 at 04:34 AM