300
20th December 2007, 07:40 AM
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The Dow Jones fell overnight by 25 points after another write down from a financial house (Morgan and Stanley) to the tune of just over 9 billion dollars!! Many investors are wearing thin and are coming to the belief that the economy is headed for a recession. The US Fed's $20 Billion 28-day loan auction had strong demand, which shows that there is money in the system waiting to be used, however, as mentioned there is still the root cause of the debt to be concerned about.
The ASX was down around 27 points yesterday after a day of ups and downs. Nothing much more to report.
Have a good Xmas and new year everybody as this punter is on leave for a few weeks :hithere::hithere::hithere::hithere::hithere:
Just my 2 cents.
The Dow Jones fell overnight by 25 points after another write down from a financial house (Morgan and Stanley) to the tune of just over 9 billion dollars!! Many investors are wearing thin and are coming to the belief that the economy is headed for a recession. The US Fed's $20 Billion 28-day loan auction had strong demand, which shows that there is money in the system waiting to be used, however, as mentioned there is still the root cause of the debt to be concerned about.
The ASX was down around 27 points yesterday after a day of ups and downs. Nothing much more to report.
Have a good Xmas and new year everybody as this punter is on leave for a few weeks :hithere::hithere::hithere::hithere::hithere:
Just my 2 cents.