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by ksl » Fri, 07 May 2010 6:44 pm
The reality is that Fannie Mae needs another 10 billion to bail them out. With mortagage defaults on the increase.
That coupled with Greece problems and the financial problems is weighing heavy.
Though the media is pumping a turn around in the economy in Singapore, Consumer spending is down in month on month.
Though their has been quite strong production output in Taiwan, that is due too stock inventories, that dried up last year, actual retail sales are down in reality.
The 4th quarter results are coming out this month
Though there was talk that a program or system error led to the cascade of selling, media reports indicated that the major exchanges said there was now error on their part.
My guess is risk aversion since the smoke cleared and results are coming in, something doesn't tally......more production new jobs, no spending, what's happening
Last edited by
ksl on Fri, 07 May 2010 7:39 pm, edited 1 time in total.