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With financial stocks getting hammered over the past few weeks culminating in a 4% swan dive for the indexes over the past 4 trading days, CNBC yesterday sought out their go-to financial bear and newly dubbed “wall street oracle,” Meredith Whitney:

(Click preview for video)

Ms. Whitney told Maria Bartiromo that financial stocks, “still have considerable downside,” essentially echoing her March 17 prediction: “[financial] stocks after tomorrow will be trading down again.”

That earlier call marked the very day that financial stocks bottomed and went on to rally over 25% from their lows. Time will tell if Whitney’s latest call proves just as backwardly prescient.

Future of Financials
Barry Ritholtz
The Big Picture
June 12, 2008

The Rise and Rise of Analyst Meredith Whitney
Michael Lewis
April 9, 2008

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