The credit crisis effectively broke into the public consciousness last August. At the time, the total losses were estimated at $200 billion. As bank write-offs continued into the fall and winter of 2007, the estimates were revised to $400 billion. During this period Wall Street pundits repeatedly stated that “the worst was over” and the financial stocks were a significant “opportunity” at these levels. Unfortunately, the banks have continued to write-off losses well into 2008. Recently the IMF (International Monetary Fund) and others have estimated that bank write-offs will reach $1.6 trillion. Given that roughly $400 billion has been written-off worldwide, there is still a ways to go.
http://www.financialsense.com/Market/allison/2008/0721.html
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$36.23 |
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0.200(0.56%) |
Mkt cap ! $112.2B |
Open | High | Low | Value | Volume |
$36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3369 | $36.22 |
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Price($) | Vol. | No. |
---|---|---|
$36.23 | 9815 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 800 | 36.060 |
1 | 138 | 36.030 |
2 | 477 | 36.000 |
1 | 18 | 35.950 |
1 | 150 | 35.840 |
Price($) | Vol. | No. |
---|---|---|
36.280 | 69 | 1 |
36.300 | 129 | 1 |
36.360 | 200 | 1 |
36.400 | 200 | 1 |
36.430 | 400 | 1 |
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