Financials Seeing Relentless Selling Again, Tons of New Lows (XLF, C, GE, MS, BAC, JPM)

The selling in financials is absolutely relentless. There are a number of new 52-week lows.

Financial Select Sector SPDR (AMEX: XLF) down 7.9% to $9.69 (New Low)
Citigroup, Inc. (NYSE: C) down 22.8% to $4.95 (New Low)
Goldman Sachs (NYSE: GS) up 0.7% to $55.70
General Electric Co. (NYSE: GE) down 9.4% to $13.09 (New Low)
Morgan Stanley (NYSE: MS) down 3.6% to $9.88
Bank of America (NYSE: BAC) down 9.6% to $11.81 (New Low)
JP Morgan (NYSE: JPM) down 15.4% to $24.00 (New Low)
Wells Fargo (NYSE: WFC) down 6.9% to $22.73
US Bancorp (NYSE: USB) down 3% to $22.91
American Express Company (NYSE: AXP) down 6.8% to $17.47
Bank of New York Mellon (NYSE: BK) up 2.2% $25.93

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