Stock Market Hit, Again 07/28/2008
 With the DOW currently above 11,100, a turn around in the stock market doesn't seem quite as imminent as it once did. Merrill Lynch just reduced their CDO exposure by $11.1 billion after the market close today. However, as a Merrill Lynch shareholder, you've just been diluted by 20%. Also, even though the Sirius/XM merger has now been approved, shareholders of both companies aren't exactly feeling like winners. Even Jim Cramer isn't touching the common stock. We're going to need a bigger catalyst than another short squeeze if the next rally is going amount to anything, and it seems like it's going to be a long time before we get one.  CommentsLeave a Reply | 
Jon Kepler is an entrepreneur who specializes in technology and social media. This is his personal blog, where he discusses finance, technology, and anything else he finds interesting. ArchivesSeptember 2009 CategoriesAll |
