RE: CIT GROUPThe short answer would be: At the very least Canada's banks will be guilty by association! If you have made some profit over the last 7 months or so playing RY, I would be inclined to take some profit off the table or at the very least only keep the shares that you would have free of risk! I would think there will be a much better buying opportunity down the road! I would not buy ANY of the Canadian banks right now!
All the best and good luck to you,
The Bluenote