there is a high possibility that these 3 can go belly up
WB
WM
AIG
then there is GE , down 5% on Fri., 8% today, if they can't get rid of that credit card business, their stock will keep go down
Good thing I'm short on all trades, I am short on Retail sector, dept. stores, and woman clothing, Merrill David Rosenberg, chief North American economist said "Frugality is now replacing frivolity, the consumption patterns of the 1950s is coming back, Consumers face 3 hurdles: Higher energy may be easing, but their wealth is still falling. And wage growth has been very weak."
WB
WM
AIG
then there is GE , down 5% on Fri., 8% today, if they can't get rid of that credit card business, their stock will keep go down
Good thing I'm short on all trades, I am short on Retail sector, dept. stores, and woman clothing, Merrill David Rosenberg, chief North American economist said "Frugality is now replacing frivolity, the consumption patterns of the 1950s is coming back, Consumers face 3 hurdles: Higher energy may be easing, but their wealth is still falling. And wage growth has been very weak."