Portugals Bank in Trouble

"My Comments"

Yeah that's the latest reason for U.S. stocks falling, got nothing to do with company value, money printing or gigantic debt!!
Portugal's biggest bank is in trouble, this adds to the problem with the Belgium Bank being bailed.
Wait and see where this will end it could be more contagious than the Ebola breakout in Africa.

Stock Markets Fall Amid Trouble at Bank in Portugal

By GERRY MULLANY and CHAD BRAYJULY 10, 2014

Adding to the jitters in European markets was a fresh batch of disappointing economic data from Italy. Italian industrial output experienced its biggest drop since November 2012, which, along with concerns about its banking sector, caused the FTSE MIB index in Italy to drop nearly 2 percent.

The suspension of trading in shares of the Portuguese bank’s parent, Espírito Santo International, comes just over a week after securities regulators in Portugal and Britain temporarily suspended short-selling — bets that a stock price will decline — in the Portuguese bank.


http://www.nytimes.com/2014/07/11/business/daily-stock-market-activity.html?_r=0