 Quote:
Originally Posted by Running_Man
It is interesting to me that of the stocks initially listed Huntington Banc Shares have held up well. While Key has continued to drop -- now down 21.2% from the initial post and National City is down 15%. Huntington BancShares are also hovering just above it's multi-year low and was decimated earlier over the 12 months than the other two. I am curious to see if the declines will continue or if HBAN can jump to the top and posssibly out of its 3 month trading band of 16-18. I would take that as a very positive sign for the banking industry or sign of more trouble to come if new lows are struck.
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Well HBAN has broken 16 this morning and KRE is making a new low again today and not surprising the market is on a big break again with this occurrence. Len Walter on WBBM business news in Chicago was claiming to have talked to a Bank of America executive who told him Bank of America was going to have to cut their dividend, I cannot find anything on that on the internet but shortly after he said that BAC dropped from 44.5 to 43.75.
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Oh, what'll you do now, my blue-eyed son?
I'm a-goin' back out 'fore the rain starts a-fallin',
I'll walk to the depths of the deepest black forest,
Where the people are many and their hands are all empty,
Bob Dylan
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