The local lemmings are having a field day.
The DOW popped 100 points in New York whole-ly and sole-ly because 1) the United Auto Workers (UAW) called off their strike against General Motors and 2) the rumour that Warren Buffett is interested in acquiring Bear Stearns.
Even the dumb UAW realises that General Motors is bankrupt if all the workers' entitlements are correctly accounted for.
If Buffett is interested in acquiring Bear Stears, I assure you that I wouldn't have heard about it on the news.
What has happened to all the CDOs and Sub-Prime woes? Just vapourised? Yeah, right.
Waiting for the second shoe to drop ...
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |