Monday, November 24, 2008

Okay, I'm back. And what a month "off" it's been... During this time, the market rallied hard, sold off even harder and then rallied again - if only last night. All in all, a pretty hairy period, I'd say.



Oh, and we got a new US president-elect, Hillary got powerful again, the TARP morphed again, credit spreads narrowed, lending rates stayed high, everybody became a bank, China slowed right down and pretended to stimulate the whole planet, depression/recession became a dinner party topic, house prices crashed even faster, earnings fell apart (but beat expectations?!), consumers stopped consuming, Europe fell into recession, Circuit City filed, Asian de-coupling died, deleveraging became a real word, people gave a sh1t about auto makers again, strong & safe "rescue" banks found that they too had to raise fresh private or bailout capital and Citi traded at $3.05 (52-week high: $35.)



.
::


No comments:

------------------------- Disclaimer -------------------------

Information and analysis on this site is provided for informational purposes or entertainment only. Nothing herein should be interpreted as personalized investment advice. Under no circumstances does this information represent a recommendation to buy, sell or hold any security. None of the information on this site is guaranteed to be correct, and anything written here should be considered subject to independent verification. You, and you alone, are solely responsible for any investment decisions you make.
Good luck!
Hedge Thing