If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
Wachovia today reported pretty much the same as other banks, lower earnings due to turbulence in the credit markets. It missed analysts expectations due to a $1.3 billion write down from bad loans...
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