GREY:ENGFF - Post by User
Comment by
SENSAI1on Mar 17, 2008 9:44am
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Post# 14732388
I told you Sunday morning to expect this.
I told you Sunday morning to expect this.Tomorrow will be more market downturn as more bad results come out from Wall Street. Bear Stearns which went bankrupt on Friday was bought out last night by J.P. Morgan for $2.00 per share which is scaring everyone because it valued them so low.
Like I said ENG would be smart to release news after Wednesday after the markets recover somewhat. Tomorrow's interest rate cut might not even matter with all this bad news from Wall Street.
Goldman Sachs Group Inc. (GS) and Lehman Brothers Holdings Inc. (LEH) report on their earnings Tuesday in what is arguably the most dismal climate for investment banks since the firms went public in 1999 and 1994, respectively.
Morgan Stanley (MS) follows Wednesday and expectations for it also are low.