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Current DateTime: 06:44:16 02 Dec 2008
LinksList Documentid: 23371764
    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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It is now a week an a half since we saw the collapse of Lehman.  Since then we have seen Bank of America's [BAC  Loading...      ()   ] buyout of Merrill [MER  Loading...      ()   ], a bailout of AIG [AIG  Loading...      ()   ], a freeze on short selling, and now an investment by Warren Buffett in Goldman Sachs [GS  Loading...      ()   ].   Here is a snapshot of how the various banks have fared since that notorious weekend.

Sample of S&P Financials Since the Lehman Collapse (as of today 10:45am EST): 

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