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WALL STREET THANKSGIVING
As Americans this week sat down to their traditional Thanksgiving dinner, the real feast was once again being enjoyed by the Wall Street elite. Citigroup received a heaping helping of government aid from the world’s two most famous turkeys – Bailout Ben Bernanke and Handout Hank Paulson.
The US government is now guaranteeing over $300 billion worth of Citi’s loans. It is obvious what will happen next on the road to Bailoutville, USA. Next will be a literal stampede of all the other American financial turkeys looking for a similarly juicy deal from Uncle Sam. By the way, do turkeys stampede…
1Dec2008 | Oxbury Research | 0 comments | ContinuedUnprecedented Bright Spot in Market Downturn
Dear Reader,
It’s Thanksgiving and the markets are taking a well-deserved break. Frankly, they sure could use it. The recent volatility is unprecedented.
In the past 25 years there has been 50 days when the market moved up or down four percent. That seems like an average trading day now. It should. Half of those 50 moves occurred in the past two months. That’s right, 25 years of volatility was crammed into about two months of trading. So, yes, it’s going to be nice to have a long break (don’t worry about Friday, it’s a half day and volume is always…
27Nov2008 | Q1 Publishing | 0 comments | Continued
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