Sarge
01-12-2009, 03:02 PM
It just broke down. Close at 870.
http://stockcharts.com/h-sc/ui?s=spx
It will be interesting the next couple of days. Question is does it go down to 750.
City Group having problems.
Picking up more job cuts. Genworth cut 1K jobs.
Hearing that GE Financial might cut 10 K jobs.
Paulson was a joke on CNBC today saying what a great job he did.
Same with GWB he did a great job according to him today.
The street thinks it is all priced in, and one big bad piece of news will not be good.
Now someone is on CNBC trying to say the SPX is looking good and will bounce up. Show me.
Commercial real estate having problems.
The big comment I heard today, was and all might want to listen to is, that the auditors are going to be like a nat on the companies you know what when they examine the reports this year. In other words if they are not marked to market the auditors are likely to cream them.
The auditor exposure will be big if they give them a buy any more.
http://stockcharts.com/h-sc/ui?s=spx
It will be interesting the next couple of days. Question is does it go down to 750.
City Group having problems.
Picking up more job cuts. Genworth cut 1K jobs.
Hearing that GE Financial might cut 10 K jobs.
Paulson was a joke on CNBC today saying what a great job he did.
Same with GWB he did a great job according to him today.
The street thinks it is all priced in, and one big bad piece of news will not be good.
Now someone is on CNBC trying to say the SPX is looking good and will bounce up. Show me.
Commercial real estate having problems.
The big comment I heard today, was and all might want to listen to is, that the auditors are going to be like a nat on the companies you know what when they examine the reports this year. In other words if they are not marked to market the auditors are likely to cream them.
The auditor exposure will be big if they give them a buy any more.