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Tuesday, September 23, 2008

Biggest 2-day drop in six years

But I'm not allowed to short GM or GE, so it's all good.







As I write this, Goldman Sachs (GS) is up $11+ in after-hours trading on word that Berkshire Hathaway plans to invest $5 Billion in it. That news could setup a rally tomorrow...stay tuned.

A.M. update - it looks like GS gave back a lot of those gains.

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3 comments:

hypr said...

(cwellsi) so $5 bil gets +145 dow pts just imagine what $700 bil will do :)

(kruz) this market so wild. one could turn to skipping the fine wine and beer, and just go for the hard stuff.

Timmay said...

Strange move by Buffet. I will be interested to see how the market reacts. Welcome back.

Kevin said...

I don't know what to think. I hear about Financial Terrorism, Great Depression. There is a lot of noise out there.