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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: fred woodall who wrote (90158)	9/3/2009 8:24:25 AM
From: fred woodall	Read Replies (1) \| Respond to of 94695

Sept 3 (Reuters) - Top U.S. and European banks have lost over $1 trillion on toxic assets and from bad loans since the start of 2007. Losses by banks between 2007 and 2010 are expected to reach almost $2.5 trillion, split roughly between losses on securities and loans, according to International Monetary Fund forecasts. U.S. banks will take a $1.6 trillion hit and European bank losses will reach $737 billion, the IMF said.

To: fred woodall who wrote (90158)	9/3/2009 9:13:50 AM
From: GROUND ZERO™	2 Recommendations Respond to of 94695

With 70% of the GDP being the consumer I don't see this market doing much up. One thing we have to remember is that these markets don't pay attention to today's news except for some knee jerk reaction that could last an hour or two... these kinds of reports don't mean all that much in the long run... these markets look ahead of the news, it takes into account the general trend of the news and looks 10 months ahead... so, today's news is just the daily noise that gets in the way of clear thinking longer term... look ahead at the horizon and not down at your feet... GZ