S&P Lowers Credit Ratings at Big Securities Firms

Posted by Patrick O'Connor on 6/2/08 10:28 am

Credit crisis fears were renewed on Wall Street today when Standard & Poors lowered credit ratings for several of the largest securities firms in the U.S., and released negative outlooks for a few big banks.

As a result, the Investment Brokerage and Money Center Banks industries led the stock market lower.

We have warned investors to steer clear of financials all year, due to their poor fundamentals and excessive volatility.  Nonetheless, many simply cannot avoid rolling the dice with their hard-earned money!

To receive email updates from Navellier All Cap Blog, click here.

• 
• Email
• Print
• Comments (0)

No comments have been posted for this entry.

Post a Comment

You must register and log in in order to post comments.