XLF Long Term Chart

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Everyone knows that we're gonna have issues with financials given all the bankruptcies that are going to happen with oil companies, restaurants, and other businesses.

The thing is, it took a full year for XLF to collapse from current price level to the bottom back in 2009. Much the same, I don't expect the market to hit bottom until next year....

What's amazing is how fast it dropped in Feb/March, not the whipsaw bounce we're seeing now. It's gonna be a long slow ride down...

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