Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound lifeline, the Sunday Times reported.
Not quite sure how to get my thoughts down best this weekend so I am just going to go point by point here. First off, there is no doubt that the past two weeks have been the among the worst (if not THE worst) in the history of our stock market. My Market Map scans show this as they are at levels I have never seen and probably will never see again.
USDCHF pulled back from 1.1486 and formed a sideways consolidation in a range between 1.1128 and 1.1486. Further rally could be seen after consolidation, a break of 1.1486 level will
- Barron’s discusses the bottoming process, saying ‘this could end up being one of history’s quintessential buying opportunities.’ Barron’s lists 25 picks in three categories. Big cash rich companies: XOM, MSFT, AAPL, INTC, DELL, EBAY, MOT, ……
Another week of crisis. A week that evoked gallows humor: #8220;Apocalypse Dow#8221; said one quipster. The credit freeze hardened all week long, with overnight dollar libor fixings rising to a weekly high of 5.38% on Wednesday, not far from the ……
