Stocks fall on fresh European bank concerns

A Follow up to monday's post. Markets monday declined because of renewed European credit fears. There is not going to be any other informational news for the rest of the day so it is likely that the markets will remain in the red.

It has been reported that there is more debt on European banks than previously stress tests reported. It will be unclear how much debt and what kind of debt until we find out what was included in the test. It will be interesting to see what will happen in the markets this week. The renewed fear about banking sends us reminders of what happened in greece.

It is also interesting to note how news from abroad can directly affect our markets.

"What it's going to take to keep (a rally) going is more good news," said James Angel, professor of finance at Georgetown University's McDonough School of Business. Economic data continues to show the economy is growing, but the exact pace of that growth is still uncertain."