Mutual-fund firms rocked by asset decline(20% drop)

Market Watch ^ | 11/25/08 | Sam Mamudi

[blam]

GLOBAL MARKETS-Stocks Hit 2-Week Highs, Bonds Recover

Thu Nov 27, 2008 7:43am EST By Ian Chua

LONDON, Nov 27 (Reuters) - Global stocks hit two-week highs on Thursday with European equities playing catch up to strong gains overseas, but more grim economic reports briefly sent government bond yields in Europe to a fresh three-year low.

Trading though is seen lacklustre with Wall Street staying shut for the Thanksgiving Day holiday.

Renewed expectations that Washington will bail out the U.S. motor industry and China's aggressive interest rate cut on Wednesday had helped lift some of the gloom surrounding the global economy.

[snip]

[VOA]

Citigroup Says Gold Could Rise Above $2,000 Next Year As World Unravels

Gov. loan for flying your company into the ground: $25 Billion

Gov. loan to keep you from terminating your company: $20 Billion.

Learning that your personal holdings of gold will rise from about
$900/ounce to $2000/ounce due to your mismanagement...
PRICELESS!!!

(especially as there probably is some sort of golden parachute
that circumvents gov. restrictions awaiting you down the road...)

[Oatka]

The pain may not be over for the industry. The Dow Jones Industrial Average is down more than 10% in November, and there's no reason to believe that investors are returning to the market.

Wait until tax loss selling hits in December.

[steve86]

Citibank doubled last weekend. Not too often we see that.

Except in bear market rallies, right?

[B4Ranch]

I hope others profited from it as well as I did.

[B4Ranch]

I am wondering how substantial it will be myself. The price of oil will be the controlling factor I presume.