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I envy your L.A. weather....60's every night, high 70's during the day....DRY and comfortable. Miami sucks....90's, hot HUMID, sticky...afternoon thunderstorms every single day in summer, hurricanes. Yuck.
Yeah, my window is open and there is a nice cool breeze =)
I lived in Pittsburgh, PA for a while and I hated the humidity. Its not as bad as Florida, but still bad enough for me. I always like the summer thunderstorms though, but you'd only get one once a week or so.
Location: Sitting on a bar stool. Guinness in hand.
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Wall Street awakes to 2 storied firms falling - Yahoo! News (http://news.yahoo.com/s/ap/20080915/ap_on_bi_ge/financial_meltdown;_ylt=Aus5mkEokZ.9z0Y4HMVypOus0N UE - broken link)
Quote:
Ten banks — Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley and UBS — each agreed to provide $7 billion "to help enhance liquidity and mitigate the unprecedented volatility and other challenges affecting global equity and debt markets."
The Federal Reserve also chipped in with more largesse in its emergency lending program for investment banks. The central bank announced late Sunday that it was broadening the types of collateral that financial institutions can use to obtain loans from the Fed.
Interesting. We will see if this will bolster confindence.
but.............
at 6:35 am today.
Quote:
Futures pegged to the Dow Jones industrial average fell more than 250 points in electronic trading Sunday evening, pointing to a sharply lower open for the blue chip index Monday morning. Asian stock markets also tumbled, with India's Sensex sinking more than 5 percent. Japan and Hong Kong were closed for holidays.
It seems that the US will be left with three major universal banks- Citi, BoA, JPMorgan - and myriad boutique-type brokerages and private equity companies, not unlike Europe.
Maybe the next step will be mergers between some US and European giants.
Location: By the sea, by the sea, by the beautiful sea
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Reputation: 40964
At least in the old days CEOs who ran their companies into the ground had the decency to crawl out on a ledge and jump. Now they walk away with multi-million $$$$$ packages and act like they had nothing to do with the debacle.
Okay-- stupid question. My myyahoo financial "preview pane" shows the market down 1,400+ points pre-open. I've never paid that much attention to it before pre-open and don't know-- is that "real" or futures that won't translate the same or what?
Just trying to decide if I need to go throw up.
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