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Strategies & Market Trends : Waiting for the big Kahuna
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To: blitzfund who wrote (77460)11/13/2007 6:06:42 AM
From: Real Man  Read Replies (1) of 94695
 
Here is the reason for the selloff - a lot of off balance
sheet losses will have to be disclosed according to
the new SFAS 157 rule effective on November, 15. I think
it is unlikely we have a significant bounce before that date,
but who knows. Futures are up overnight as usual -g-

fasb.org
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