Wednesday, 16 November 2011

The NASDAQ just cratered there;

Something to do with this perhaps?

"Fitch: U.S. bank outlook could worsen over Europe

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By Wallace Witkowski SAN FRANCISCO (MarketWatch) -- Fitch Ratings said Wednesday that the credit outlook for U.S. banks can worsen if the euro-zone debt crisis is not resolved in a timely manner. "Fitch's current outlook for the industry is stable, reflecting improved fundamentals at most banks combined with ratings lower than at pre-crisis levels. However, risks of a negative shock are rising and could alter this outlook," the ratings agengy said. Fitch maintained Europe's sovereign debt crisis still poses a threat to U.S. banks even though the institions have reduced their exposure to the region over the past year."

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