A scientific, quantitatively driven, adaptive approach to economic analysis and money management.
Tuesday, September 9, 2008
The Roller Coaster Ride Continues
Markets fell 3% today, after a 2% spike up yesterday after the weekend Fannie Mae/Freddie Mac government bailout news came out. Today, the story was anxiety over Lehman Brothers, one of the biggest investment banks, which saw it's shares drop 40% on news that hopes of a capital injection from Korea Development Bank will not come through as anticipated. What will tomorrow bring? After hours saw positive news from Fedex (shipping) and Texas Instruments (semiconductors) which affirmed their earnings expectations for the recent quarter and for the next year. The Jekyl and Hyde market continues...
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