Thursday, September 4, 2008

Market Update

Voltron says: Foreign stocks took a hit along with the rest of the market. The dollar went up so foreign stocks got a double whammy. John Authers from the financial times explains why and why it may reverse (link here). Mike Shedlock punks out Wells Fargo for raising it's dividend and then turning around and raising money from new investors (link here). Bill Gross, PIMCO's chief bond investor is screaming for a bailout (link here) He'll probably get it and the dollar will get trashed.

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