This is the monthly XPJ chart showing the devastating effects of leverage when price unwinds. Prices today go back to 1993 levels, which is where the US financials are currently sitting. Our own banks are nowhere near this bad thankfully or we really would be in trouble (XXJ chart at bottom).
XPJ is the REIT stocks from the XFJ
XXJ is everything but the REIT stocks (mostly banks and insurers)
the worst is ahead for banks, page-15
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Last
8,898.7 |
Change
127.800(1.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,770.9 | 8,898.7 | 8,770.9 |
| XFJ (ASX) Chart |
