The brief rally in financials has ended, as many traders are betting that the bear market is not over, this means that taking profits or placing additional short bets on potentially weak players is a prudent play...... Read More
the Fed Beige Book describes the economy as having 'slowed." JD Power cut their outlook for auto sales, projecting a 12 percent dip in sales for 2008 compared to 2007 (to 14.2 million cars and trucks), which would be the lowest level since 1993 ... Read More