Could be a big sell off aproaching in Europe during next days?
Asia in very volatily time. Oil can go up with the urricanes season. Inflaction can go up again....bad news for the next days can arrive.
Waht is the fealing????

I think so. That could be the reality!!!

I think the UK market is showing a lot of depression, but the US is more buoyant that August, I think.

Odd time actually. The Euro took a bashing after Trichet's remarks today. He said there would be added 'haircuts' for collateral backing loans.

"ECB President Jean-Claude Trichet said the ECB will impose a uniform haircut of 12% for all residual maturities and coupon types of asset-backed securities which are lodged as collateral"

Basically this means that banks and financial institutions will have to value the collateral that they put up for loans from the ECB 12% less than yesterday, meaning the banks will have to post higher mnargins when borrowing.

There is no doubt that the markets are going to be tough over the coming months... Great time to be trading though... volatility is your freind!!!

Ah, if Freddie and Fannae really do go under government control this weekend, as is being reported, that could spook already spooked bears.

Didn't see any big sell offs in after-hours trading in the US financials I checked, though - just FNM and FRE.

AIG is the next thing..... Futures are off... no annoucements yet... if it goes = Armageddon....

GULP!

Well, looks like there has been a big sell off, and no wonder!

- Lehman
- Merrill
- AIG

all within 10 days of Fannie and Freddie!

Scarey stuff The president has just put a few billion Dollars into the economy to keep things afloat better late than never. I think we will be next.