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Surge puts starts at highest level in four years.
New CEO is expected to pare bank's holdings and overhaul management.
Stronger signals on European recovery could mean U.S. losing debt safe haven status.
Almost a year in Chapter 11, AMR looks for an extension for restructuring filing as U.S. Airways comes courting.
New investment opportunities open with higher U.S. exports and possible European crisis containment.
Bank debt safest relative to corporate bonds in almost 16 months.
