Clearly an extension of yesterday’s “Buffer Rally.” As bad as the news is going to be later in the week, they’re putting as much distance on 7,999 as possible to pad anticipated losses.
The market should have already been trading in the 7K range, but two days of criminal, manufactured “gains” have put a nice 500 [...]
“Hope” - A nice thing under most circumstances, but an absolute joke when it comes to this market. Today we witnessed what is likely the most flagrant manipulation of this market in history. Futures circuit breakers triggered, talk of “Bloody Friday,” and the market drops 400 at the open, and comes within an earshot of [...]
By Alexander Davis
SAN FRANCISCO (MarketWatch) — General Motors Corp. reportedly has held preliminary talks to acquire Chrysler LLC, against the backdrop of an increasingly bleak decline for the auto industry. Reports on Friday night by The Wall Street Journal and the New York Times both cited unnamed people familiar with discussions between the two U.S. [...]
Warren Buffett was interviewed live by telephone on CNBC’s Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs.
This is part one of the complete transcript of that conversation.
BECKY QUICK: We know you get all kinds of deals, all kinds of people who come knocking asking you to [...]
Credit expenses lead to $2.3 billion loss for Fannie
Mortgage-buyer slashes dividend as U.S. housing market stays ‘challenging’
By Robert Schroeder, MarketWatch
Last Update: 8/8/2008 8:51:00 AM
WASHINGTON (MarketWatch) — Fannie Mae, the biggest U.S. buyer of home mortgages,
reported Friday a wider-than-expected loss for the second quarter and cut its
dividend as the company said the struggling housing market and [...]
Lehman president, CEO to give up bonuses: report
By Riley McDermid, MarketWatch
Last Update: 6/27/2008 8:03:00 AM
NEW YORK (MarketWatch) — The chief executive and president of Lehman Bros.
Holdings have said that they will forgo their 2008 bonuses in a nod to the
beleaguered investment bank’s recent troubles, a report said Friday.
Earlier this month, Lehman (LEH) reported its first [...]
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