How bad will it get? That’s the question slamming markets this morning as Credit Suisse is again in the headlines for all the wrong reasons: The Saudi National Bank has cut them off from further financial assistance. The CDS have soared and the stock is getting ever closer to zero.
Futures were essentially flat after a very nice rebound yesterday – until the news hit. Now, they’ve given up essentially all of yesterday’s gains and some important technical support.
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