Banks Just Offered a Sobering Update to Wall Street, and It Likely Means a Big Move in Stocks Is on the Way
It's pretty amazing what a difference a year can make on Wall Street. Since this decade began, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC), have been taken on nothing short of a roller-coaster ride that's changed dramatically with each passing year.
While most investors would gladly accept a continued running of the bulls, a new sobering update for Wall Street by American banks could quickly change that tune.
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Source Fool.com