Perfect storm smashing the financials today: Greece seemingly pulling the rug out from under the deal and MF Global reminding everyone that sovereign debt woes from Europe can infect US financial firms.
A few notable financials this morning:
- Jefferies (which put out a statement denying Euro exposure) -9.8%
- Morgan Stanley -10.5%
- Bank of America -6.81%
- Goldman Sachs -5.15%
- Fortress -5.5%
- Citigroup -8.4%
And so on and so on….