ES Journal Archive (2006 - 2008)
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i read that leh says 400 bil and gs says 1.2 tril
Mon Apr 7, 2008 3:02am EDT
NEW YORK (Reuters) - Lehman Brothers Inc strategists expect financial institutions worldwide to write down as much as $400 billion for bad debts by the end of 2008, and said competing estimates of as much as $1.2 trillion seem implausible.
If Lehman is right, then the worst of writedowns by banks, brokerages and insurers may have passed.
But many of the riskier financial markets may not have bottomed out, Lehman strategists led by Chief Global Fixed Income Strategist Jack Malvey wrote.
Goldman Sachs & Co estimated last month some $1.2 trillion of global credit losses. U.S. banks, brokerages, hedge funds, and government-sponsored enterprises such as Fannie Mae (FNM.N: Quote, Profile, Research) could account for $460 billion of credit losses, Goldman said.
NEW YORK (Reuters) - Lehman Brothers Inc strategists expect financial institutions worldwide to write down as much as $400 billion for bad debts by the end of 2008, and said competing estimates of as much as $1.2 trillion seem implausible.
If Lehman is right, then the worst of writedowns by banks, brokerages and insurers may have passed.
But many of the riskier financial markets may not have bottomed out, Lehman strategists led by Chief Global Fixed Income Strategist Jack Malvey wrote.
Goldman Sachs & Co estimated last month some $1.2 trillion of global credit losses. U.S. banks, brokerages, hedge funds, and government-sponsored enterprises such as Fannie Mae (FNM.N: Quote, Profile, Research) could account for $460 billion of credit losses, Goldman said.
We're thinking on the same level JSS
The top portion of that looks even better on the 60-120 and the MACD looks good on the 15-60... ~1400 looking like a good sell if we get up there.Kamek... if you were talking to me, its just what I do. Blanket statements like "it'll be volatile" don't really bank you many profits. Coming up with specific possible scenarios and reacting will.
jesus christ why be so technical? i exaggerated the 3 fold predition. what i'm saying it will be very volatile next week because of expiry and banks report. u and i know nothing is "gauranteed" but its likely that it will be volatile. of course let price action determine that when next week gets here.
still flat btw
still flat btw
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