Presented by Gareth Soloway December 14, 2011 01:40PM
As the markets continue to trade lower on the day, bank stocks remain extremely strong. This is very unusual as usually downside is headed by the financial sector. Today, JPMorgan Chase & Co. (NYSE:JPM) is trading at $31.78, +0.49 (1.57%). Across the board, bank stocks are flat to higher. What does it mean?
With the bank stocks leading and the markets still lower, smart traders realize news may be on the horizon from Europe. This has been the case in the past. When the financial stocks start to perk up, it is due something coming that will cause the market to pop higher. Be alerted and watch the next few days.
The stock market is a tricky place to invest these days, take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite players that are profiting on every up and down move in the market. Be on the right side of the trade and avoid the Wall Street hype.
Related: Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS) .
Gareth Soloway
Chief Market Strategist
With the bank stocks leading and the markets still lower, smart traders realize news may be on the horizon from Europe. This has been the case in the past. When the financial stocks start to perk up, it is due something coming that will cause the market to pop higher. Be alerted and watch the next few days.
The stock market is a tricky place to invest these days, take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite players that are profiting on every up and down move in the market. Be on the right side of the trade and avoid the Wall Street hype.
Related: Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS) .
Gareth Soloway
Chief Market Strategist
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