European Markets Are Diving Again, And Look Who's Leading The Way

After an earlier drift higher, European markets are off pretty sharply, with the major indices down over 1%.

Operation Twist mania, it seems, isn’t spreading across The Atlantic.

Who’s leading the way?

French banks, duh!

Here’s BNP Paribas down another 5%.

chart

Meanwhile, there’s a story about Lloyd’s reducing its exposure to European banks. Not helping.

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