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Daily Archives: September 25, 2008

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GE (GE) Cuts Guidance, Its Credibility Destroyed

Posted: September 25, 2008 at 5:50 am

GE (GE) was one of the alleged last safe harbors in corporate America. The company said the credit issues facing the economy would not damage GE Financial. The conglomerate indicated ...
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GM (GM): One Hundred Years And No Experience

Posted: September 25, 2008 at 5:31 am

GM (GM) is celebrating its 100th anniversary this year. Cake and candles. It has even introduced its new Volt electric car, which it says is the future of the company. ...
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Hedge Funds Get Out Of The Hedge Fund Business

Posted: September 25, 2008 at 5:13 am

Hedge funds are concerned that the market as they know it may collapse. The Wall St. casino is closing. Risk can be taxed by total annihilation. The fun has gone ...
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Morgan Stanley (MS) And Goldman Sachs (GS) Make Case For Private Bailout Of Industry

Posted: September 25, 2008 at 4:52 am

The Treasury is making the case that the financial industry needs $700 billion to take toxic assets off bank balance sheets. This should free up liquidity and ease credit problems. ...
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Analysts Earnings Numbers For 2009 Border On Psychotic (SIRI)

Posted: September 25, 2008 at 4:23 am

No one has checked the water on Wall St. for traces of LSD and other hallucinogens. First, financial firms bet huge sums of their money on arcane mortgage-related paper and ...
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Media Digest 9/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 25, 2008 at 2:49 am

According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation.Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take ...
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Asia Markets 9/25/2008 (HMC)(TM)(LFC)(PTR)

Posted: September 25, 2008 at 2:17 am

Markets in Asia were mixed. The Nikkei fell .9% to 12,009. Honda (HMC) fell almost 4%. Toyota (TM) fell over 2%.The Hang Seng rose a fraction to 18,972. China Life ...
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