Financials on the Rebound Early Morning
Just a quick note for those watching the markets early on, some big Financial names are on the upswing today.
Washington Mutual (WM) is up $.87 or 4.19% to $21.37 and Goldman Sachs (GS) is up $7.17 or 3.50% to $218.54. Other names are following the lead with American Intl Group (AIG) and Morgan Stanley (MS) both up over 1%.
All of these companies have been sold off severely over the last month with the worst being Washington Mutual which is down from $35 in early October to just over $21 today.
As of this post the S&P 500 is down .15% already today while the NASDAQ Composite is up .46%.
More on this topic
(What's this?)
Meth an Accepted Aid in Loan Processing at WaMu
(naked capitalism, 12/27/08)
The "Smart Money"?
(Financial Armageddon, 11/16/07)
Goldman Sachs Sees Lending Taking a Trillion Dollar Hit
(Money Morning, 11/18/07)
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Posted by Blain Reinkensmeyer on November 12, 2007 at 11:15 am --
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