Financial stocks decapitated
Tue Jan 20 2009 4:26 pm
by Bob Morris.
The chart is in descending order by %Chg. Note that these are one day changes in price. State Street announced a 71% drop in quarterly income and got decimated. Bank of America and Citigroup are both on life support and probably bankrupt.
Nationalization is coming.
Posted in: Credit crisis, recession.
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