BROAD NYSE INDEX BULL BEING CHALLENGED ABOVE CHART.Distillers (+1.5%) leads the way while Personal Products (+0.8%)and Soft Drinks (+0.5%) round out the top three. yeah, I can understand why BOOZE would do well here...
BSC getting shellacked! BOA analyst ran to his BOX and said selling was overdone, surely worst is over?
Financial stocks are leading the way DOWN? not good.
Why would S&P think of cutting BSC credit rating if the subprime woes were well contained?
BSC HIGH 2007 $171.85 close today $108.79 !!!!!!!!
MKT closes on the lows, selling quickened at close, volume was HUGE on NYSE. over 4 BILLION and we had yet another 90% down day!
Markets inability to rally when this oversold is an ominous signal IMHO. 10 yr Bonds yield now WELL below 2 yr and is screaming Recesion.
American HOme MOrtgage POOF, bankrupt, hedgies dropping like flies, financial sector slaughtered, engine of recent economy Housing clobbered, where is growth going to magically appear from?
Firms rich with CASH? WHY are they BORROWING BILLIONS to buy back OWN STOCK?
Where else you gonna get the straight dope? will be gone until the 15th, be safe, expect MORE volatility BULL lives on a thread....but lives. But I wonder what people will be thinking this weekend and what MONDAY will have in store? BLACK MONDAY?
D
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