Friday, October 10, 2008

Market Just Refuses to Listen to the Good News

  1. interest rates cut in the entire Universe
  2. $700b bailout plan
  3. $900b Fed emergency lending program
  4. Treasury's gurantees interbank lending and deposits
  5. oil and commodities down-inflation down
  6. cash levels at record high after deleveraging
  7. US to take equity stake in banks
  8. Gold is down!!!
(Jefferies managing director Art Hogan)

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