The purpose of this blog is to retain an electronic diary/archive of key market moving news and events. The morning note includes my personal views on the financial markets and fundamental research pulled from newswires, Bloomberg, First Call, and other market intelligent websites and blogs. The note helps me prepare for the trading day and helps my PM position the porfolio for upcoming events and catalysts.
Tuesday, September 16, 2008
CNBC or the Fed/Treasury to the Rescue???
CNBC's Charlie Gasparino reports his sources are saying government assistance MAY be on the table. I would not take this as 100% fact. David Faber's sources are saying the government is still opposed to government assistance. Obviously, the situation is very fluid and the government's response is capable of changing very quickly due to the systemic risk to the financial system.
No comments:
Post a Comment