InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,184.40
(
-0.07%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
82.40
(
-1.36%
)
Bitcoin
70,995.45
(
-0.64%
)
Post# of 173737
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

tmcal6

Send PM Follow Ignore
Followers 11
Posts 422
Boards Moderated 1
Alias Born 12/30/2004

tmcal6

Re: None

Thursday, 01/10/2008 9:22:27 PM

Thursday, January 10, 2008 9:22:27 PM

Post# of 173737
Looks like the Japanese market is smarter than the U.S. market, is is down .85% in the first hour. I think BAC is figuring their size will let them weather the storm and they are buying a mortgage franchise for the future. Trouble is, they don't know how much that future will cost them and how soon it may begin. I agree with Rogue's postings of the Mish website that Bernanke can be complemented for his openness but reading between the lines, this mess has a lot further to run. It will be interesting to see what happens with the MBIA placement of a billion of capital notes at probably 15%. If that fails, will Berkshire come to the rescue?

Tmcal6
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up