Today there will be another round of harsh information for Wall Street to manage. The only good news seems to be that investors get it. They now know what to expect. The most important information right now, from Wall Street's point of view, seems to be the fluidity or lack of fluidity within the banking system.
There are signs that inter bank lending is ever so slightly easing. This is because the Fed which has taken over as the primary lender of paper currency is lending slightly less of it each successive week for the last few weeks.
Reuters: Index futures point to mixed Wall St open
Economists in a Reuters survey forecast a 5.4 percent annualized pace of contraction (GDP) compared with a 3.8 percent contraction rate in the advance (first) estimate.
2 comments:
Being a stock broker right now is a little like riding around in an armoured HUMVEE in Iraq. You know that sooner or later a roadside bomb is going to explode near u.
Yes, its fruitless. Those guys need t go on vacation for a few years.
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