Wednesday, November 9, 2011

Stocks slump on more Euro fears, DOW down 300 at one point

QUOTE: “The problem is, we’ve reached the domino phase, so it’s not about Greece anymore—it’s Italy and if Italy has a problem, then France has a problem too,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “The hope that there would be a solution is now non-existent.” 

As someone who monitors financial developments with an eye on seeing what they can tell us about upcoming events I can say that things are beginning to unfold more quickly, as evidenced by the following news articles covering the same basic set of developments: 

And then there's this happy, encouraging (yeah, right!) article also from CNBC: 65% Chance of Banking Crisis by End November

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