The New Bullish Market: Bank Failures

July 6th, 2009 | Filed under: Financial Markets

It seems like we just got bombarded with a bunch of bad news at the end of the 2nd quarter, which leaves some questions up in the air for the third; however, I think I may have found one sector that has stayed on the climb throughout 2009, BANK FAILURES.

Just take a look at this great chart I found (compliments of Calculated Risk).

Bank Failures Chart

You can obviously see the massive spike over the last week. If you are still interested in more check out Bank Failures: By The Numbers.