Only 3 weeks since the last showing of Exhibit 1 but a repeat seems appropriate.

Exhibit 1: Comparing the 2000 to 2002 collapse to now


What has changed? Longer term sentiment (perhaps) driven by (possibly) recognition that signs like banks agreeing (with prodding) to support a stricken peer rather than try to pick up its business are really not indications that the worst is over.

Bonus: Useless headline of the day - Bradford & Bingley shares: buy, sell or hold?

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