ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Thursday, September 25, 2008

 

wamu fails


the biggest bank failure in american history, and an extremely well telegraphed one. no one expected washington mutual to survive. jpmorgan chase (again) is in on the deal, this time buying the deposit base and some other parts for a song from the FDIC.

now comes the question again -- who next? gm, ford and chrysler were all funded by the government this week. morgan stanley and goldman sachs reorganized and bank holding companies, likely at least forestalling their demise. general electric warned today and suspended their planned buyback, but are further from mortality than others.

instead, i'll try wachovia.

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