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worst lending decade for banks since the great depression, that s something that you feel. the stocks for these banks are actually up a little bit this morning, because in short, the downgrades could have been worse and many say these ratings changes were already priced in. stocks have had a very rough spring. it was a rough day on wall street, the dow plunged 250 points almost 2%, and here s why. we have more concern about a slowdown in china, germany and the u.s., weak manufacturing data, the data if all of these countries a little bit weak yesterday, plus goldman sachs put out a report saying investors should sell s&p 500 stocks. meaning sell them and let the prices drop and buy them later at a cheaper price. the s&p 500 dropped 30 points yesterday or 2% and the buzz about the bank downgrades pushed stocks lower. futures are up. whatever happened yesterday happened you re going to feel it in your 401(k), but right now futures are up a little bit, which we could see a ....
the party in south beach. guaranteed it is still going on this morning. he said it s the best day of his life. i wouldn t doubt it. hi, everybody, nice to have you with us this morning. welcome to early start. it s 5:00 a.m. in the east, good morning, everybody. it may be a good morning, it may not be such a good morning, depending how you look at things. the markets are down worldwide this morning after the ratings agency moody s downgraded 15 of the world s largest banks and guess who happens to be sitting in this morning. the woman who knows everything there is to know about this. can you boil this down and let us know what it means for us? it means that your stock investments got hit yesterday and the global economy is slowing and we re seeing the ramifications of that around the world. 15 of the biggest banks in the world, including five of the largest u.s. banks were downgraded by moody s. bank of america, citigroup, goldman sachs, jpmorgan stanley. an ....