S&P Likely To Release Euro Credit Review After Their Markets Close Today. Buy Puts
This morning, stocks were trading lower before the open. J.P. Morgan hit its bottom line, but revenues were soft. The stock declined on the news and the recent rally in financials leaves downside room. This is one of the strongest banks in the nation and it sets the tone for the entire sector. After an hour of trading, rumors started circulating that Standard & Poor's will release its European credit review. This is the news we've been waiting for. Rumor has it that 15 countries will be downgraded. France and Austria will be downgraded by one notch. If this comes to …
January 13, 2012
• Posted in: Options
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