Banks Slammed In Stock Market Reversal


After a decent opening and respectable gains on the major indexes, markets have reversed course sharply, in part coinciding with a reversal in the dollar.

Each of the indices are off about 1%.

The real carnage is in the banking sector, as JPMorgan (JPM), Bank of America (BAC) (down 5%), Wells Fargo (WFC), and Citigroup (C) are all falling.

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