In the Money Now

5:00 PM ET Fri, 13 Jan 2012

Stocks fall on rumored S&P downgrades in Europe. Are the downgrades already priced in, with CNBC's Melissa Lee and the Options Action traders. What matters most, Europe or earnings? Also, what a downgrade would mean for the banks going into next week's earnings announcements, with Brad Hintz, Sanford C. Bernstein & Co.