本文发表在 rolia.net 枫下论坛After Goldman Sachs and Morgan Stanley posted better-than-expected losses, financial sector had a brief rally. Some investors are seeing the end of the massive write-downs by investment banks. Still, investors were nervous. There's rumor Lehman Brothers had liquidity problems too. Here's a joke. Last week traders got a word Lehman would make a anouncement, and they traded the stock down 4%. It turned out to be a anouncement for a high-level new hiring, not a big write-down.
Anyway, it might be safe to say financial sector is seeing a bottom if there's no next Bear. There are still many uncertainties in the overall economy. The official recession calls for two straight negative quarters of GDP growth, but the institution may not strictly follow this definition to declare a recession. Economic data were mixed at the time. GDP growth in the fourth quarter of 2007 was 0.6%. Consumer spending nearly stalled in February, but personal income was unexpectedly higher. The market is closely watching out for the employment data coming in next week.更多精彩文章及讨论,请光临枫下论坛 rolia.net