Thursday, June 3, 2010

Mad Money Recap | Nightly Recap for:  Wednesday, June 2, 2010

Mad Money Recap Nightly Recap for: Wednesday, June 2, 2010: "Second, we need to see the Spanish banks stabilizing… these are the proverbial canaries in the gold mine.. and they desperately need the equivalent of TARP… they also need to cut their dividends… unlike the National Bank of Greece and allied Ireland, Spanish likes Banco Santander, and Bilbao Vizcaya, are both huge and important world wide… they could be like a Royal Bank of Scotland/Citigroup… just remember how badly the markets acted when those two were in trouble… these Spanish banks are not the tip of the iceberg… no, they are the iceberg… they need to melt before we can chase a market as hot as this one was today."