In the following, some bad news of today, which would have been a years scandals worth - now it's just a part of todays news flow. How can any of these insane people calling for a buying opportunity since for quite some time, sleep or take themselves serious? We will have a decent sucker rally at some point but not when so many call it and finally the market has still to drop by 50% from here if that is enough within 12 - 18 months to discount the reality. I call for at least 10% jobless rate and we might go for deeper double digits as the new US or western countries socialism develops.
Seeing A Deeper Recession
Fannie Mae's Future Looks Pretty Grim—Downright Scary
CNBC.com |
Goldman Shares Fall to Five-Year Low as Analysts Predict Losses
By Eric Martin
Nov. 10 (Bloomberg) -- Goldman Sachs Group Inc. dropped to a five-year low in New York trading as analysts predicted the firm would post its first loss since going public in 1999. Goldman Shares Fall to Five-Year Low as Analysts Predict Losses
By Hugh Son, Craig Torres, and Erik Holm
Nov. 10 (Bloomberg) -- American International Group Inc. got a $150 billion government rescue package, almost doubling the initial bailout of less than two months ago as the insurer burns through cash at a record rate.
AIG will get lower interest rates and $40 billion of new capital from the government to help ease the impact of four straight quarterly deficits, including a $24.5 billion third- quarter loss posted today by the New York-based company.
Circuit City, Electronics Retailer, Seeks Bankruptcy (Update5)
Carnegie Taken Over by Swedish Government, to Be Sold (Update3)
By Niklas Magnusson
Nov. 10 (Bloomberg) -- D. Carnegie & Co. AB, Sweden's largest publicly traded investment bank, was seized by the government and will be sold off in parts after accusations that it took ``exceptional risks'' with loans.
No comments:
Post a Comment