Things are okay on Wall Street. But only okay. Since this summer, the recovery has slowed, and banks have noticed. The monster quarters they had in late 2009 and early 2010 aren’t expected to repeat later this year or in early 2011. While this might encourage some Main Street dwelling bank bashers to cheer with Wall Street on the ropes, they shouldn’t. The circumstances causing lower Wall Street profits are bad for Main Street as well.
WATCH: MARKET READY TO RALLY