It is about to be all about the autos instead of all about the financials. What is the general consensus about where financials are headed from here? Recovery time? Trashing lower?
Until the financial world gets some good estimate on exactly what the toxic assets are actually worth, banks will sink lower. In European trading Monday.. Royal Bank of Scotland slipped 6.9% Deutsche Bank dropped 6.5%, Commerzbank shedded 6.8% UniCredit fell more than 8%. Lloyds ended 8 percent lower after falling about 20 percent earlier in the session.