black october 2008. equities hemmorage- the subprime market disappears. Treasury trying to cover the call, unwind the leverage. no sign of support at 8300. but g & r is releasing "chinese democracy" at last!
three big mutuals break the buck . one of the oldest closes and redistributes client assets one of the biggest absorbs 300 million of operating capital to maintain balance requirements for mutuals.
option servicing and global ltreasury injections spark a single day dow rebound of 936 pts., correcting some of the 2400 point panic-driven loss the previous week. monday, oct 13 '08
warren buffet moves into a goldman sachs equity position, poised to take advantage of pricing volatility in the debt clearance fire sale to come. sept 24 '08.