The Banking Recovery in One Chart

Click to enlarge.

Yay. We've recovered.

June 22, 2006
Citigroup and Coca-Cola: Two Global Investors Share Their Experiences in Emerging Markets

Todd Thomson had originally planned to focus his Forum presentation on the low risk involved in investing in the developing world. But given the sell-off in global stock markets that occurred in the weeks preceding his presentation, Thomson did some quick editing. "Obviously there is risk in these markets," he said. "Yet I am convinced that the recent turbulence is a small bump in the road; it's technical, not fundamental." The events of the last few weeks, he added, signify "a correction, and the only surprise is that the correction took so long. I have been nervous for a year about the lack of risk in these markets, about the exuberance of the equity markets. This is clearly unsustainable."

That priceless anecdote was brought to us courtesy of Knowledge@Wharton. With knowledge like that, who needs ignorance?

Source Data:
Yahoo Finance: Citigroup Historical Prices
St. Louis Fed: CPI