Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Home

Ken Lewis Kills The Bull

Is this it? Was today the official end of the 6-week 25% rally that started in early March? Or is today just a particularly painful hiccup?

Whatever it is, the obvious fear in the financial sector is unlike anything we've seen since the rally started.

Advertisement

Both Bank of America (BAC) and Citigroup (C) fell around 20%.

Overall, it was the biggest market drop since May 5, The Dow is back below 7,900, while the S&P fell over 4%.

A big deal in Tech, Oracle's acquisition of Sun Microsystems didn't get investors excited about tech, as the NASDAQ fell around 3.5%.

Advertisement

So, what do you think? Are we done?

Read next

Investing Bank of America Earnings
Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Jump to

  1. Main content
  2. Search
  3. Account