Yesterday's stock market optimism proved short-lived, as markets around the world are falling as the European crisis appears to be spreading inexorably into the Spanish economy. While Greece has attracted a lot of attention, Spain is a much larger part of Europe's overall economic activity, and so its problems indicate a significant escalation of the crisis. As a result, the Dow Jones Industrials
Banks are taking it on the chin, with both Bank of America
Beyond the Dow, though, Facebook
Back to bad markets?
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Facebook, Bank of America, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.