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FBN’s Nicole Petallides on the impact of concerns over the European economy on U.S. markets.
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Well when it was a question -- pedal Levy's with a Greek last name whether there was a run on the Greek banks in the past 48 hours but things seem to stabilize a bit.
Let's look at the financial sector in the final minutes of trade.
Europe has been a big big factor -- -- reason why we've been selling off and you can take a look at our financials here at home and yeah mostly down arrows so.
When you look at the big picture of the selling that's been going on on Wall Street ten of eleven -- to the downside.
We haven't seen act at a stretch since October 2008.
So the questions on the market but down just point five -- after the -- And -- calling you know there's a lot of people say don't worry about Europe where we're OK where when we don't have to worry about the implosion that now those people -- -- saying in the cataclysmic.
What are you hearing on the floor about the concerns over Europe official seems like this market is focused on it.
Do you knee jerk reactions and his big picture they're not gonna decide forever and ever -- state taking -- -- -- comes so.
That we have Spanish bond yields soaring back can be problematic if you happen.
Concerns about the Greek banks that can be problematic but when you start to get relief from the ECB for example.
We're seeing that I'm a country is using those austerity measures and you get a lot of sensitivity so -- -- -- by debt.
