US Financial Stocks Tumble Most In 2 Years, Catch Down To Credit, Red In 2014

–  US Financial Stocks Tumble Most In 2 Years, Catch Down To Credit, Red In 2014 (ZeroHedge, Oct 15, 2014):

Despite manufactured earnings reports that apparently ‘beat’ US financial stocks are the worst performer today and down 9% from its highs in mid-September. Today’s drop in XLF – the Financials ETF – is the biggest since Nov 2012, and is red for 2014 now. Of course, this should not be a total surprise since US financial credit spreads have been flashing a much less exuberant tone for a few weeks…

Possibly related info:

Did Today’s ‘Satan Signal’ In S&P Futures Give The ‘All-Clear’ For Selling To Begin? (ZeroHedge, Oct 9, 2014):

… “someone” canceled-and-replaced orders for 666 contracts 26 times in the 1130ET to 1200ET period …

1 thought on “US Financial Stocks Tumble Most In 2 Years, Catch Down To Credit, Red In 2014

  1. Someone in the comments section asked what happens to all the TBTF banks if they all get margin calls at the same time………..great question……….
    Another person commented this rigged market probably includes downward trends……..but, such trends can go quickly out of control………not smart…….downright stupid.
    The problem again is the debt level. The US is at 100% of debt to GDP. Every dollar it brings in is owed to someone else. For an individual, that is called bankrupt or broke or both. The US keeps going more deeply into debt, no steps are made to get any funds from the greedy guts who have been sucking from our economy like the pigs they are……..no costs for them, free oil well protection for them in Iraq…..the list is endless, and the US taxpayer needs to wake up and demand these greedy corporations pay their share. It is so unfair, they take and take from the workers to feed the greedy guts. If it isn’t stopped now, the US will crash.
    Only 33% of the world economies now use the dollar, down from 100% in 2010. We are no longer considered a credible world leader, so we are no longer a world leader. We have become a rogue nation, much like Germany in 1940……..
    67% of the world no longer uses or accepts the dollar. Time to wake up.

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