Wednesday, November 14, 2007

Stocks slipped to slightly down (Dow down 22 near the close), not a lot decided in the market. Bear Stearns will write off $1.2 B hoping that will be the end of major problems in the fourth quarter. Britain's HSBC Holdings is writing down another $3.4 billion from exposure to the sub-prime. Here is the closing chart showing a drop of over 100 points in the last 30 mins, for the day there was only a 76 point drop. Uh-oh!



Let's see what tomorrow brings.

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