Deja As Financials Continue To Plunge

Submitted by Tyler Durden on 05/16/2012 15:19 -0400

It wouldn't be the same in this post-BTFD-always-works, post-LTRO, post-QE, post-central-bank-supported unreality if we didn't see an early day rally rejected and dump back to its lows in the afternoon in the S&P 500 e-mini futures. Of course JCP's Tilson-crushing continues (-19%) as does the selling of financials - JPM -1.5% ($35 handle), MS -3% (35% off its end-March highs and -8% YTD) - as credit indices do not seem quite done with their unwinds quite yet.
ES deja....


Financials post 3/26 highs...