Two days ago, the markets experienced a volume in shares traded about 150 million higher than the normal 250 million for the day. Very unusual. Most people noted the 600 point swing. Yet, the market came within 100 points of the day before.
7 of the Ten biggest dollar transaction in stock were bank stocks, the other three were GE WalMart and Exxon. Very unusual.
This after Arab and Foreign banks invested heavily in USA banks the last month or so. Is it part of the terms of surrender? Did we just buy back mountains of bad debt into our pensions, etc, and the foreigners get capital gains?
Why, it seems there was very big movements, and carried out very, very carefully. We’ll hear about it later, I am sure. It will be fascinating.
Saturday, January 26, 2008
USA Stock markets
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment