The Best Play in This Market, Midday Market Roundup.
Posted by James Breen at 8 September 2008 5:12
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The bazaar is open gangbusters, great boon to the week – up 192 – on the back of the US governments certitude over the weekend to walk in and rescue Fannie Mae and Freddie Mac in the US. Everything is up: Financials up 5.6% with the banks very sturdy - ANZ up 9.7% and NAB up 7.8%. Banks are well up across Asia. The coal ridge gas item is in the rumor again (Origin Energy up 13.8% after a pact with ConocoPhillips) transport the Energy sector up 7.8%. Resources should be down on a collapse in ..read more.
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Finding fixed investing ideas in this market has not been the easiest thing. With the housing souk and believe markets still unraveling, companies and patrons alike are finding themselves poor for cash, as they try to reverse living of very leveraged assess sheets and bad behavior in selling with their money. Volatile markets have scared off even some of the riskiest investors as 300 cape swings in the Dow appear to be virtually a weekly occurrence. One guests that has stood the adversity of ..read all.
Once again, I thank you for being enduring and putting up with my warped brains of funniness.
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