The equity markets are lower this morning on continued tightness in the credit markets, which is spilling over and affecting GE today.The credit derivative swaps for GE Capital are spiking this morning, which is putting the stock under heavy pressure. This is despite the fact that GE is a AAA credit. Just shows you how whacky these markets are. Nonetheless, GE is currently -8% lower today.Bank stocks are actually bucking the weakness and up on the day. The bank index is up +2.9% right now, while the oil index is down -3.3%, along with the broader ma[...]
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[Source: The Money Blogs]
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