GLOBAL MARKETS WEEKAHEAD-Investors shaken by bank troubles

[Joanne98]

Source: Reuters

Stalked by the credit crisis and economic decline, investors enter this week with eyes firmly on the Federal Reserve and braced for more trouble in the shaky financial sector after Bear Stearns had to be bailed out.

A raft of U.S. broker banks will report first quarter earnings while the Fed is poised to cut interest rates.

The question will be whether anything will reverse increasingly entrenched trends on financial markets that include a tumbling dollar at record lows, stock markets selling off sharply and oil and gold soaring to record highs.

All are in turmoil as U.S. recession appears more likely, if not already here, and a credit squeeze has claimed victims ranging from hedge funds to securities trading and brokerage heavyweight Bear Stearns (BSC.N: Quote, Profile, Research).



Read more: http://www.reuters.com/article/bondsNews/idUSL141743520080316?pageNumber=1&virtualBrandChannel=0

[Hugin]

1. ...

Aw, I thought maybe you were missing the SMW Joanne98. :)

[Demeter]

2. In These Perilous Times--SMW Should Be a 7 Day Event

Bear Stearns thinks Morgan will buy it for 2/3 its stock value! Fed due to panic again to the utne of 100bp! My date with destiny guess is looking all too likely.

[Hugin]

3. I heartily agree.

:)


I stand by my date with destiny guess while simultaneously supporting your date. :/ ;)

[Demeter]

4. A Foot in Two Camps, Eh?

How many feet do you have, Prag?

Bear Stearns has just been sold in a stock swap. How long before Morgan goes under, do you think?