Market Comment
Capital One Financial (COF) ($77.70, down $8.47)
First Data Corp. (FDC) ($42.76, down $2.09)
When two financials with credit cards in the mix gap down on the same day, I pay attention. I don't do fundamentals, but if I did I would be looking up credit default statistics. Consumer credit expansion is one of the important factors contributing to healthy North American economic growth. If this borrowing engine is sputtering, it may help to explain ongoing general investment market weakness.
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