More Fallout From affect Stearns

August 01st, 2007 | Category: Stock Market

As whether two funds going under wasn’t naughty adequate, now Bear Stearns says there is a third fund in trouble. that makes investors wonder, well, how many increasingly are there?

Chrysler (DCX) got some financing nowadays, so there is some relief in other parts of the credit market.

The market opened under increasingly selling pressure, as any negative credit market news is now viewed as a

reason to sell. But it appears that the market may have found an early bottom, and is trying to bounce.

I am still looking for an oversold rally to kick in. Yesterday’s action was clearly disappointing, but timing bottoms is always a tricky thing.

I have to run out to some daylight meetings. Keep the market up while I’m out.

Original post by J. Kahn

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