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Toddo On TV: Banks Tank


Markets, movers and more.

With banks in trouble, will we start to see mergers in the sector? Toddo predicts consolidation as a function of need, not want, and points to an astute article -- Dead Banks Walking? -- by Minyanville's Bennet Sedacca that attempts to sort the winners from the sinners.

Now watch this! Toddo's glaring at the S&P at 1268 (the bottom of the pennant formation), Merrill Lynch (MER) at $23 (a psychological level of support) and Baidu (BIDU) (we offered that it was a potential bounce candidate yesterday and were wrong as rain).

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