Goldman, Lehman, Bear Stearns, Morgan Stanley all report.
This week we could see bottom.
Good time to buy IMO.
Not a chance. This is no ordinary stock market.
You go first.
Below is a list of primary dealers who will be able to borrow directly from the Fed’s new program announced Sunday:
BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Countrywide Securities Corporation
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.
A lot of traders on FR talk good tech stuff and have a lot more understanding of all the ins & outs much better than I.
However IMHO, the 'trickle up effect' isn't being discussed. What we are not hearing / reading is the total net effect that will cause the absolute bottom this fall.
As energy and food skyrocket, the dollar continues to fall, especially with the Fed BS move last night.
The retail, entertainment, tourism, service sectors of the economy are going to take it on the chin....it's already showing, and purposely being adverted.
Why, because middle class America is struggling to pay its energy and food bills.
Sure Wally World's biz is up as well as other discount stores, however, from what I hear, the box stores in the malls are in a bad way and have been since before Christmas.