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Reload this Page shaping up to be another lousy day in the markets

The Scuppers This is a new forum for the not necessarily fishing related topics...

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Old 11-05-2007, 08:38 AM   #1
fishpoopoo
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Lightbulb shaping up to be another lousy day in the markets
good lord, S&P futures down 20 and the dow futures down 130 at 8:40 Monday morn.

at least the weekend togging was good.
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Old 11-05-2007, 09:19 AM   #2
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ah, i think it's the fact that Citigroup is writing down ANOTHER $11 billion in sub-prime mortgage loans. And the CEO resigned.

Stay away from financial stocks for the time being.
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Old 11-05-2007, 10:06 AM   #3
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We're only at the beginning of the sub-prime disaster. The news is clearly out, but the worst of the loans are still under the radar...
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Old 11-05-2007, 10:31 AM   #4
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Think short!!
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Old 11-05-2007, 10:42 AM   #5
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Quote:
Originally Posted by striperman36 View Post
Think short!!
at the beach, that's all i've been catching.
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Old 11-05-2007, 12:18 PM   #6
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At least when the Citigroup CEO leaves he will take a severance several time more than what most of us will make in our lifetimes.

Then he will go make another comepanies shareholders poor..
“It’s not up to the courts to invent new minorities that get special protections,” Antonin Scalia
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