Excerpt from: Individual Equities CFDs and Spread Bets
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| February 11, 2009 | | Shedding light on financials' true losses could destroy confidence | Right now, the U.S. stock market is bouncing back. After yesterday's devastating losses -- spurred in part by a lack of confidence in Timothy Geithner's bank rescue plan -- stocks are recovering a bit. Even bank stocks are making a comeback today on the stock market.
However, spread betting and contracts for differences on U.S. stocks should consider how long this rally is likely to last. One of the plans brought up is a "stress test" that would require banks to better disclose their losses.
Would such a requirement send Wall Street tumbling again as investors realize how precarious the situation is for many financial institutions?
| Topic Tags: bank rescue, contracts for differences, spread bets stock market, spread betting, spread betting U.S. stocks, Timothy Geithner, U.S. stock market, U.S. stocks | |
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