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Stocks pressured by cautious corporate outlooks - Lehman Brothers' credit default swaps settled ...
MarketWatch ^
| Oct. 21, 2008 3:34 p.m. EDT
| Kate Gibson, MarketWatch
Posted on 10/21/2008 1:22:39 PM PDT by Ernest_at_the_Beach
Lehman Brothers' credit default swaps settled without major damage
***************************************
NEW YORK (MarketWatch) -- U.S. stocks on Tuesday scaled back declines after the Lehman Brothers credit default swaps settlement was completed with no major fallout, helping offset bleak forecasts from Texas Instruments Inc. and Sun Microsystems Inc.
Video: Buy Stocks Now?
Is it time to buy U.S stocks? Alec Young of Standard & Poor's says it's too soon to be sure and cautions that corporate earnings could get worse before they get better. (Oct. 21)
"U.S. equities have pared losses on the Lehman CDS settlement, which apparently was completed without any major collateral damage to the participants," said analysts at Action Economics.
"If the total amount of losses is less than the market is expecting, we could see a resumption of an upward trend that could take the Dow back above 10,000 in a short period of time," said Peter Cardillo, chief market economist at Avalon Partners.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: cdos; economy; subprime
To: NormsRevenge; SierraWasp
To: Ernest_at_the_Beach
Don’t buy US stocks ! Buy US made products and goods. That’s way better for the us economy.
3
posted on
10/21/2008 1:36:47 PM PDT
by
buzzer
To: buzzer
Yeah, no need to capitalise those businesses...
4
posted on
10/21/2008 1:41:31 PM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: Ernest_at_the_Beach; Grampa Dave
I wonder what General Bullmoose would say these days... Back in the 50's he used to say:"What's good for General Motors is good for America!"
Whatya think, Grampa Dave???
5
posted on
10/21/2008 2:41:05 PM PDT
by
SierraWasp
(Hey Colin Powell...Fidel Castro and Che Gueverra were "transformational figures" too, you idiot!!!)
To: SierraWasp
You are asking the wrong guy.
We own a Honda Ridgeline and a Lexus.
6
posted on
10/21/2008 3:23:05 PM PDT
by
Grampa Dave
( Joe the plumber should provide his license right after Obama provides his real birth certificate)
To: Grampa Dave
I only asked you since you are old enough to remember General Bullmoose who said it when GM was ridin high!!! (grimace)
7
posted on
10/21/2008 3:27:33 PM PDT
by
SierraWasp
(Hey Colin Powell...Fidel Castro and Che Gueverra were "transformational figures" too, you idiot!!!)
To: SierraWasp
You didn’t ask that question, you asked me the open ended question: “Whatya think, Grampa Dave???”
8
posted on
10/21/2008 3:43:03 PM PDT
by
Grampa Dave
( Joe the plumber should provide his license right after Obama provides his real birth certificate)
To: Grampa Dave
9
posted on
10/21/2008 6:26:33 PM PDT
by
SierraWasp
(Hey Colin Powell...Fidel Castro and Che Gueverra were "transformational figures" too, you idiot!!!)
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