"But even before the Fed meeting, Lehman Brothers Holdings will be the first investment bank on Tuesday to report third-quarter results, shedding light on just how badly the market mayhem this summer spawned by subprime mortgage losses has hurt profits.
Morgan Stanley follows with earnings on Wednesday, while Goldman Sachs Group and Bear Stearns report on Thursday."
even if the Fed lowers rates, any negative news on the above will remind investors about subprime problems. especially with a couple reporting after the Fed's news.
given whats happened in the past few months you'd reckon the above firms would have copped it firmly.
perhaps the market can move on once the cards have been put on the table from Lehman Brothers, Morgan Stanley, Goldman Sachs Group and Bear Stearns.
another sell off next week
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$65.15 |
Change
-0.050(0.08%) |
Mkt cap ! $12.63B | |||
| Open | High | Low | Value | Volume |
| $65.25 | $65.50 | $64.90 | $72.98M | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | $65.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.17 | 553 | 4 |
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| ASX (ASX) Chart |