Ox, RtS, Here is something to review about the markets from Bloomberg.
<<VIX Premium Shows Stocks Bear Market
March 3 (Bloomberg) -- Stocks slid worldwide, sending the Dow Jones Industrial Average below 7,000 for the first time since 1997, and Treasuries rose after Warren Buffett said the economy is in “shambles” and American International Group Inc. posted the largest corporate loss in U.S. history. Options investors are paying twice this decade’s average to protect against losses in U.S. stocks through 2011, signaling the bear market that already wiped out $10.4 trillion of equity value may last two more years.
TOP STORIES/MOST READ ON BLOOMBERG
VIX Premium Shows Stocks Bear Market Lasting 2 Years
Options investors are paying twice this decade’s average to protect against losses in U.S. stocks through 2011, signaling the bear market that already wiped out $10.4 trillion of equity value may last two more years.
AIG Gets More Aid After Record $61.7 Billion Loss
American International Group Inc., the insurer deemed too important to fail, will get as much as $30 billion in new government capital and relaxed terms on its bailout after posting the worst loss by any U.S. corporation.
Buffett Says Economy ‘In Shambles,’ Promises Recovery
Billionaire Warren Buffett said the economy will be “in shambles” this year, and perhaps longer, before recovering from the reckless lending that caused the worst “freefall” he ever saw in the financial system.>>
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bloomberg.com |
