Despite a drubing of bad news the major US market indexes managed to put in relatively good performance. Led off by Alcoa several other stocks reported earnings under pressure currently and for the foreseeable future. Then the International Monetary Fund got in on the game, noting that Global Markets, particular American Financial Markets, remain under considerable strain. They stated that banks are likely sitting on nearly $1TRILLION in credit losses. But wait, wait, there’s more fun to come. Later in the day the Fed minutes came out, and in that the wi[...]
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[Source: The Money Blogs]
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