|
|
Article: FirstAlert(tm) Daily 8/12: Break-even Time.
- Article from:
- Investrend
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Aug 12, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/08/12/firstalerttm-daily-812-break-even-time/)
- Commentary -
August 12, 2009 (FinancialWire) (By Bob Farley) -- Traders eyed the next trouble spot on Wall Street yesterday, sending stocks down over one percent. Turns out the next trouble spot is an old one: banks with risky real estate on the books. All that toxic money didn't disappear; it just changed hands. Just like any other thing deemed "toxic," you can't just send it "away." There is no away.
Many traders have taken this Washington-propped run-up in stocks as a chance to break even or ...