ASX 0.41% $66.49 asx limited

merrill lynch being probed re sub prime losses, page-2

  1. 27,194 Posts.
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    this was reported in the Wall Street Journal approx 1 hr ago which sent the futures down by 50 pts.

    the payroll numbers were then released which doubled estimates and the futures were up 57 pts.

    reading b/w the lines, the subprime mess has already been factored into the mkts to some degree, however good econmic numbers are the key for investors and more important to the broader mkt.

 
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