These Are Some Ugly US Bank Charts

We just wanted to point out what a hammering some US banks have been taking in recent weeks/months.

Here are some charts via Yahoo Finance.

Check out Jefferies, which was really under the grinder last year when Europe was combusting. It’s melting down again.

It’s gone from about $20 to under $13.

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And check out Morgan Stanely, which was also in the same boat. Same deal now.

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And of course the JPMorgan decline goes without saying.

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Anyway, watch this space.

If names like Morgan Stanley and JPMorgan get bad at an accelerating pace, watch out.

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