Stock Market Analysis – 07-11-2008
July 13, 2008 at 9:40 pm · Filed Under Broader Market
After a week of huge pain in the financial sector the market is starting to look even weaker than I thought. FNM and FRE led the charge downwards with the IndyMac collapse foreshadowing a likely future for at least a few other banking companies. Anyone that says we aren’t in a recession now must have their head pretty high up in the clouds. With all of the banking excitement I haven’t even been pointing out the new talks between YHOO and MSFT, but once again they’re going nowhere fast. The market seems pretty desperate for good news right now so we’ll have to see if anyone can deliver.
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