Pre-market update: 2008-12-12

| 12 December 2008 08:34

Pre-market trading is not looking good. Everyone is pointing to the auto bailout failure as the cause. If you’re in treasurys, you are very happy because yet again the flight to lunacy continues as equity markets sell off.

pre-market-2008-12-12

If you asked me, the real news is the Mad Madoff Ponzi Scheme. Read these two accounts here:

Calculated Risk: The Madoff Complaint

Cassandra Does Tokyo: Bernie Comes Out of the Closet

Crazy!

Source
Pre-Market Trading – CNN Money

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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