What Comes After Big Banks Hit 52-Week Lows

It'd be irresponsible to suggest the U.S. is staring down the barrel of a second credit crisis. The three-month LIBOR rate has dropped to 0.031% from a peak this year of 0.055% in less than two months, suggesting banks are loaning to one another and credit may be easing. With that noted, three of the most prominent banks in the U.S. hit new 52-week lows during the Aug. 25 trading session -- Bank of America BAC, Wells Fargo WFC and BB&T BBT. What's more, these "too-big-to-fails" constitute 21.25% of the SPDR KBW Bank Fund KBE. It should come as no surprise, then, that KBE was within -3% of a 52-week low during last week's early Wednesday sell-off. To read the rest, head over to TheStreet.com