Financial Crises and the Bear Bottom

By Paul Kedrosky · Tuesday, March 18, 2008 ·

One of the hallmarks of the bottom of financial crises is that something major breaks in the market. Usually that takes the form of a major firm, but it can be others. The following chart from BCA makes the point nicely, and it puts it in the context of financials as a percentage of total market capitalization.

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