It wasn't very long ago that we sat around complaining about the Europeans, wondering why they couldn't get a deal done so we could move on. It makes me wonder if they're complaining about us in the U.S., wondering why we can't seem to get a deal done. My grandmother probably would have said that's the pot calling the kettle black.
Turning to the market, let me note that the performance of the KBW Bank Index (BKX), especially relative to the S&P 500, has become quite disconcerting as that ratio makes lower lows. Some of these names have given back almost the entire rally off the lows. Of course, since this is my third day of complaining about the banks, they will probably rally Wednesday, just to get me to hush up....471 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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