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BB&T Corporation Message Board

  • ayscuew ayscuew Aug 25, 2011 12:38 PM Flag

    What happened??

    Longs loaded up early this morning (many on margin). Professionals came in and sold heavily killing the longs. Believe selling will carry through the close tomorrow (assume that Bernanke disappoints).

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    • The market happened.

      BBT is right on line with ^KRX and ^DJI today.

      BAC is up because of Buffeting.

      • 1 Reply to dhrosier
      • "The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008, and shows the recent dramatic downturn in sentiment among credit investors towards banks.
        "The problem is a shortage of liquidity – that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive.
        "I think we are heading for a market shock in September or October that will match anything we have ever seen before," said a senior credit banker at a major European bank."
        Copied from the Telegraph, I sure hope they are wrong.

38.80-0.16(-0.41%)Oct 21 4:02 PMEDT