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Banking On The Financial Sector: Not all Nasdaq stocks have tanked. In fact, one group of stocks ha

Traders Magazine, February 2003

Peter Chapman

The past three years have been a disaster for Nasdaq. Prices have plunged. Trading volume is off. From a record high of 5,048 on March 10, 2000, the Nasdaq composite has dropped to around 1,300. One sector, however, has bucked the trend: Financial stocks. As a group, financial stocks have shot straight up, going in the opposite direction of the broader market.

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