The Bulls Retake the Hill
- Posted by UpsideTrader
- on December 10th, 2008
Well Detroit has three months to restructure under the new $15 billion handout, Sony fires 16,000, Rio Tinto fires 14,000 and slashes $5 billion in spending to lower debt. But things are just swell.
Ace Greenberg the former head of the Bear says the financials are broken and will never be the same again. I’ve been saying that forever now.
So far the futures are bouncing back, The Goddess of Doom, Meredith Whitney is on Squawk Box this morning, let’s see if she brings a reality shot back to the financials.
Follow @upsidetraderThe information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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