S&P starts with an 8
839.80
S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic […]
S&P below 1,000
Just a quick update on the bet I made with a friend of mine I hinted to a few blogs ago. I was giving the S&P 12 months to touch 1,000 (at the time I made the bet, the S&P was trading around 1,300), and it just touched it yesterday, closing at 996. I’ll collect […]
The 1.8 trillion dollars bailout
CNBC has made an interesting analysis on the US government bailout of the financial crisis.
It’s not just 700bn$, more like 1.8trn$. Quick laundry list:
700bn$ recently announced plan to buy assets from bank
150bn$ MBS purchase by Fannie and Freddie
85bn$ for AIG
90bn$ in repayment to JPM for Lehman
200bn$ for Freddie and Fannie
300bn$ for FHA
200bn$ of currently outstanding […]