Sorry for the delay in posting, internet service on the cruise ship is spotty at best.
Us bank stocks got hammered today on concerns about the health of banks worldwide .
JP Morgan down 20%
Wells fargo down 23.8%
Bank of America down 16.4%
State Street Bank down 59% Yikes!
Looks like newly Inaugaurated President Obama has inherited a major financial calamity.
The bank stocks better stabilize soon or the entire market is headed much lower and a depression will become a certainty.-Lou
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