What happened today … 1. European markets were “magically” holding up after an initial sell-off. 2. A news agency sent out EARLY a summary for the equity market, writing that market was helped by the consumer confidence number marking a fresh 5mos. high. 3. A squawk picked up the story and mentioned, that a 5 [...]
WSJ reports, that early results of the stress test show, that FED will ask “some” banks to raise more capital. Bank of America, Citigroup, Regional Financial Corp., Fifth Third Bancorp and Wells Fargo are being named in the article. Most scary about it … banks want the FED to weigh their earnings power on the [...]
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