This entry was posted on Monday, June 23rd, 2008 at 2:36 pm and is filed under Credit.
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2 Responses to “2008-06-23 Weekly Credit Graph Packet”
Bank stocks continue to drop on a daily basis over concerns about credit quality and dilutive capital raises. The bkx (KBW bank stock index) is at decade lows reflecting massive fears about the credit cycle. Every equity deal that has been done is trading below issue price creating fear of participating in future deals. Seems the markets are discounting a recession if not a serious one.