LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 09-04-2007, 07:08 AM Thread Starter
Jakarta Expat's Avatar
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)


September 4, 2007 -- The Labor Day weekend is over, the kids are back in school and Wall Street traders have returned to their desks, bracing themselves for a bumpy ride.

But this year investors shouldn't count on the "Santa Claus rally" to rescue them from the tumult created by the subprime market implosion.

" People talk a lot about October, because that's when the big crashes - 1929, 1987 - have happened, but actually it's September that is usually the worst month of the year for stock indexes," said Tobias Levkovich, U.S. equity strategist at Citigroup.

This September promises to be extraordinarily interesting. Next week, investors will get the first signals of how badly major financial services firms have been hit by the subprime market's collapse and the credit market fallout.

A week later, on Sept. 18, the Federal Reserve's policy makers meet to discuss whether the credit market carnage has damaged the economy. Fed Chairman Ben Bernanke has made it clear that he will act promptly to slash rates at the first hint that this is occurring, and there is less chance of the market getting the jitters if the rate cut follows a regularly scheduled meeting.

Even if investors emerge unscathed from September, October has more perils. Hedge funds will have reported at the end of the third quarter and at least some of those funds will permit investors to sell their holdings.

The subsequent forced sales of hedge fund holdings could further rattle markets."

"There is a huge unknown risk that is going to have to work its way through the market, and that is going to take months," warned Stephen Wood, senior portfolio strategist at the Russell Investment Group.

"We should expect to see financial stress of the kind that we haven't seen since" the collapse of hedge fund Long-Term Capital Management in 1998, Wood said.

MARKETS BRACE FOR SEISMIC SEPTEMBER | By SUZANNE McGEE | Business News | Financial | Business and Money
Jakarta Expat is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    SLK Pricing in Different Markets Astin R171 SLK-Class 31 01-14-2008 03:37 PM
    Least Affordable U.S. Real Estate Markets Teutone Off-Topic 15 08-14-2007 12:19 PM
    Why different model names for different markets? Merc_aficionado W204 C-Class 0 08-12-2007 08:11 AM
    Is anybody watching the markets today and what the hell is going on....... Jakarta Expat Off-Topic 2 05-21-2007 01:51 PM
    Strut Brace or is it Dash Brace gumsie W140 S-Class 0 12-28-2006 06:56 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome