Stocks are accelerating their losses on a report on the WSJ website that the US government favors a plan where the firms would be split into a good company/bad company structures with the good companies spun off on their own. Sounds like a bankruptcy to us…
Share prices are at session lows. down 4.4%. Protection of a 1.3100 barrier option is rumored on dips given the bounces from the 1.3110/15 level several times today. We trade now at 1.3163.
