Wednesday's Personal Finance Stories
By MarketWatch
Don't miss these top stories: Jennifer Waters writes today in her Consumer Confidential column about little-known programs airlines have if you want to switch your elite-flier status to a different carrier. It's not easy, but it can be negotiated. Is your airline giving you the customer-loyalty recognition you deserve?Also on MarketWatch today, columnist Matthew Lynn outlines why he thinks Spain would be the first to exit the euro—even before Greece. Spain, he says, is really too big to rescue, and besides, it doesn't want to be rescued.— Anne Stanley , Managing Editor, Personal FinanceYou can switch your elite status to another airline
Long-standing but little-known "status-match" programs let you switch your loyalty to another carrier.
Read more: Your can switch your elite status to another airline. European bank stocks: contrarian or crazy?
Few investments at the moment make Wall Street squirm as much as European bank stocks. A contrarian with an appetite for risk might call that a reason to buy.
Read more: European bank stocks: contrarian or crazy? ECONOMY & POLITICS
Bank says: We're defaulting, but don't you dare!
The mortgage company tells columnist Al Lewis he must continue to make his payment, even though the bank is going to default on its obligations.
Read more: Bank says: We're defaulting, but don't you dare! China unlikely to match 2008 spending spree
China's government begins rolling back expectations for a big stimulus package, warning against expectations it will offer the same flood of cash it provided in 2008.
Read more: China unlikely to match 2008 spending spree. INVESTING
A Dow Theory sell signal?
Did the Dow Theory generate an official sell signal earlier this month? One of the Dow Theorists which Mark Hulbert monitors says, unequivocally, "yes," but the other two remain on buy signals. And therein lies a tale.
Read more: A Dow Theory sell signal? Emerging markets are faltering
While much investor and media focus has been on the slow-moving train wreck that is broadly labeled the euro crisis, there is growing concern that the real derailing of the global economy could come with a faltering of the emerging markets.
Read more: Emerging markets are faltering. Treasury yields hit record low on Spain worries
Treasury prices rise, pushing 10-year yields to a new record low, as increasing worries about Spain's fiscal health and its banks weigh on the euro and check global equities.
Read more: Treasury yields hit record low on Spain worries. Spain up against a wall as borrowing costs soar
Economists and analysts are left asking just how long Spain can hold out before it needs a bailout for its banks, as borrowing costs reach fresh highs for the government on Wednesday after a debt downgrade and as the European Central Bank reportedly rejects its plans to rescue Bankia SA.
Read more: Spain up against a wall as borrowing costs soar. 6 reasons Spain will leave the euro first
Herewith are six reasons why Spain is more likely to pull out of the euro than Greece, writes London Eye columnist Matthew Lynn.
Read more: 6 reasons Spain will leave the euro first. 
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