Pre market trading shows Fannie Mae and Freddie Mac each down 25%. This coupled with rumors that Lehman failed to secure fundings among the Asian investors will continue to unnerve investors who are already on their toes with the sub prime crisis. Oil is moving up due to the USA & Russian tensions, coupled with the bad news from the financial companies, I would expect a pretty negative day today, unless the job market sparkle beyond expectations. This is quite unlikely given the current market situation.
Archive for the ‘Financial Drags down Index’ Category
Financial Drags down Index
By Finance in Financial Drags down Index
Aug
21
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