Markets plowed lower as bank problems remained the focus of traders and certainly the underlying sore on market confidence. Word that State Street Bank Corp. is carrying fixed income problems as well as BAC needing an additional blast of cash, all created little hope despite a pep talk from the new President.
Bears will hope for a quick hard down move so they will not have to dodge any reactions from an Obama administration sending a message via some unexpected creative measures. Hard to figure what those measures might be but markets can become extremely thin when reacting to any blind side.
