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… nothing in the news I really want to comment about; no new music to share … I can’t even think of anything personal to share that’s worth writing about. For me, that’s not generally a good thing; it often is an indication I’m entering an emotional trough, that I’m about to have a [...] BofA’s Mantra: We’re Not Citigroup – WSJ.com Bank of America Corp. [NYSE: BAC] Chief Executive Kenneth Lewis is eager to prove one thing above all else: His company isn’t Citigroup Inc. [NYSE: C] As shares of big banks have fallen in the face of speculation that they might be nationalized by the government, Mr. Lewis [...] Somebody, please call a bottom … 6000? Okay … just so long as it isn’t 5000. One thing is for sure. It can’t go below 0. Dow Falls Below 6800 – WSJ.com The stock slide that pushed indexes to new 12-year lows picked up speed in the afternoon on fears that economic recovery may still [...] Okay; I can honestly say that I didn’t see this happening. I figured that Citigroup, like Bank of America and JP Morgan Chase, would both be strong enough to weather almost anything the economy could throw at them, but their recent stock movements are highly precipitous. Citi Weighs Its Options, Including Firm’s Sale – WSJ.com [...] From this morning’s Wall Street Journal: ‘No’ Votes Came From All Directions The fatal “no” votes to the financial rescue package came from a strange-bedfellows coalition of lawmakers, from the most conservative to the most liberal members of the House, with a large number of representatives from low-income districts angry that Wall Street seems to [...] Without a Bailout Plan, What Will the Cost Be? – TIME By voting down the proposed $700 billion financial bailout package — and causing a spectacular stock market rout — a majority of members in the House of Representatives made a clear statement that they didn’t want to put taxpayers on the hook for the [...] Mounting Liquidation Fears Squeeze U.S. Stock Market March 6, 2008 5:40 p.m. Worry about the health of the credit markets made a noisy comeback Thursday, leveling financial stocks and sending many investors scampering for the safety of government debt. Revelations that two large investors had missed recent margin calls raised fears that more investors could [...] |
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