Bank Stocks 3/30/09 March 30, 2009 - FAZ

The Bank Stocks are opening very weak as futures plunge on fresh worries the Obama administration would let a car maker go bankrupt. Also, Over the weekend, the Bank of England sold off core parts of mutually owned Dunfermline Building Society to Nationwide Building Society to protect depositors and safeguard financial stability. The Bank of England said it conducted a sale process conducted over the weekend following a significant deterioration in Dunfermline's financial position.

Bank Stock Update - 3/30/09 - Pre Market Trading

Financial Bear ( FAZ ) - $22.60 Up 13.28%

Citigroup ( C ) - $2.43 Down 7.25% - Citi fell below both moving averages on Friday so you could see this coming.

Bank of America ( BAC ) - $6.97 Down 6.40%

Financial Bull ( FAS ) - $5.58 Down 11.99%

American International Group ( AIG ) - $0.94 Down 7.84%

General Electric ( GE ) - $10.39 Down 3.62%

Wells Fargo ( WFC ) - $14.77 Down 5.26%

Barclays ( BCS ) - $8.90 Down 10.01

JP Morgan ( JPM ) - $26.37 Down 3.76%

SPDRs ( SPY ) - $80.15 Down 1.79%

UltraShort Financials ProShares ( SKF ) - $103.85 Up 9.33%

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