do you find yourself watching more dow updates than usual lately?
yes
88%
[ 80 ]
no
11%
[ 10 ]
Users Voted : 90
Total Votes : 90
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eliza
Joined: 12 Dec 2005 Posts: 2750 Location: I LOVE CEBU BELLY-BELLY MUCH!
Posted: Sun Aug 12, 2007 12:07 pm Post subject:
"worst storm in financial markets in more than 20 years" -Bear sterns cfo Sam Molinaro
Dare to comment like that. Hoy Sam! Isnt it that your company "BEAR STERNS" is among one of the victims of subprime lending which in turn caused market ripple that made the DOW dropped like a rock. Its because of you Bear Sterns, its because of you that many tsupiteros lose their loot!
A rally tonight or Friday in the DJIA? That will surely be a pleasant surprise for all. Last night, the DJIA bounced off its 200 day moving average (12,832) before closing higher at 12861
The news that: Nestle has authorized a $20 billion share buy-back, Eddie Lampert has added to Citigroup positions, and Warren Buffett’s Bershire Hathaway is buying big banks like Bank of America, Wells Fargo and US Bancorp are factors that could spark a short-term rally.
I hope the Bulls are getting ready to charge
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