It's a "risk off" day for European financials (EUFN -3.4%), after Spain's expected bank bailout...


It's a "risk off" day for European financials (EUFN -3.4%), after Spain's expected bank bailout approval is accompanied by a weak GDP forecast. Unsurprisingly, Spanish banks are the biggest losers: SAN -7.7%. BBVA -8.4%. U.S. banks are only doing better by comparison (XLF -1.3%).

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Comments (8)
  • Tack
    , contributor
    Comments (16269) | Send Message
     
    We've been overdue for some more hysteria related to Europe. The short-term traders were getting restless.
    20 Jul 2012, 12:39 PM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    Today is a good day to focus on the negatives...
    20 Jul 2012, 12:49 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    About time some weakness came back into the markets. I picked up more shares of SAN already.
    20 Jul 2012, 12:59 PM Reply Like
  • david109
    , contributor
    Comments (3) | Send Message
     
    i agree buy more
    20 Jul 2012, 02:35 PM Reply Like
  • david109
    , contributor
    Comments (3) | Send Message
     
    people are full of fear, Banco santander is a buy opportunity
    good luck
    20 Jul 2012, 02:35 PM Reply Like
  • jmartz101
    , contributor
    Comments (187) | Send Message
     
    Those are buys I picked up some DB it's my favorite European bank.
    20 Jul 2012, 03:37 PM Reply Like
  • sr1977
    , contributor
    Comments (365) | Send Message
     
    A mini-crash in Spain and Italy on Friday and no closing numbers in Market Currents?

     

    Spain -5.82%, Italy -4.38%, France -2.14%, Germany -1.9%, England -1.09%, Stoxx 50 -2.83%
    21 Jul 2012, 07:26 PM Reply Like
  • jse17
    , contributor
    Comments (388) | Send Message
     
    For those that believe Ben Graham was a resourceful, bright, and a wonderfully efficient mind, EUFN's PE is approximately 12 with a book of approximately 0.80. EWP (Spain) is the absolute worst performing iShares issue at -28.4 YTD.

     

    Numbers as these jog my memory as to something on the order of, "Buy low (when extraordinarily unpopular)!"
    22 Jul 2012, 10:45 PM Reply Like
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