It turns out the cowpie of the PC chip world, built and marketed by Nvidia (NVDA), may have ended up in some Apple (AAPL) laptops. That would make the Mac buyers miffed. The semiconductor scrambles video like eggs thereby undermining the Steve Jobs experience.
As an aside, Nvidia had the guts to say that performance of Apple’s PCs had not been compromised by the nasty chip, which appears to be untrue.
The people who run the International Monetary Fund probably don’t have any money in the stock market. They as the bond-owner, conservative sorts.
Their risk aversion has not taken away their pessimism, and it may have made it worse. The IMF’s chief economist says that markets could drop another 20% if things get very bad.
According to Reuters, "In a worst-case scenario, governments will need a few more weeks to take the correct measures and the markets could fall another 20 percent. Then, we’ll turn around," the IMF’s chief economist Olivier Blanchard was quoted as saying.
One rumor say that the IMF is short the major country equity indexes.
Douglas A. McIntyre
According to The Wall Street Journal, GM (GM) and Chrylser had merger talks. How do that work if both are already broke?
MarktetWatch reports that Paulson will begin to buy equity in banks. Bank of America (BAC) has a market cap of $100 billion. The Treasury could, in theory, end up with a one-third ownership.
Douglas A. McIntyre
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