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BuyOnDips
04-01-2008, 10:04 AM
More bad news from the financial sector. That's why I said to stay away from that sector.

http://biz.yahoo.com/ap/080401/switzerland_ubs.html

http://www.marketwatch.com/news/story/ubs-plans-further-19-bln/story.aspx?guid=%7BFB432404%2D34EC%2D415B%2D9EEA%2 D5A0942D12C21%7D

The Lehman news isn't good either.
http://www.marketwatch.com/news/story/lehman-plans-offer-3-million/story.aspx?guid=%7BDCF7B806%2DFA13%2D440D%2DACE5%2 D36BCC28667A2%7D
englishman26
04-01-2008, 11:42 AM
This is baked in. The point now is to find out who has it. It has become a process of dropping your pants and showing what you have. Finding out where everything is is a good thing.
BuyOnDips
04-01-2008, 01:02 PM
This is baked in. The point now is to find out who has it. It has become a process of dropping your pants and showing what you have. Finding out where everything is is a good thing.

Unfortunately, I think there's plenty of more bad news that we don't know yet.
Horsefish
04-01-2008, 01:22 PM
This is baked in. The point now is to find out who has it. It has become a process of dropping your pants and showing what you have. Finding out where everything is is a good thing.

Agree, we are seeing the power of emotions on the market. As in Lehman dilutes shareholder ownership and the stock surges up. Relief rally.