Sunday, March 22, 2009

Bank's toxic assets.

They are making banks unwilling to lend, they're making private investors unwilling to come into banks. The banks' balance sheets are still stained with red ink.
The Obama administration will soon unveil a program to help banks clean up their books by purchasing their bad assets.
Under the plan being considered, government funds will be used to effectively seed partnerships with private firms to buy up assets backed by mortgages and other loans.
Tracking the Dow on Friday,20/03/09 (EXPIRY DAY)
9:30am:--Gap Up with early shooting star.
Senate Republicans brake rush to tax AIG bonuses
10:30am:--The bearish harami signal.
Bernanke says exec compensation must be monitored
11:30am:--The gap-up has been fully covered.
A shooting star again at morning session near low.Better run stock.
12:30noon:--A bearish harami again.
Run for your life.Chrysler reverses claim that Fiat would take debt.
1;30pm:--Hangman.
Benchmark crude for April delivery fell 55 cents to settle at $51.06 a barrel in light trading on the New York Mercantile Exchange.
2:30pm:--Day's low found as seen by the bearish dragondly dojis.
3:30pm:--The bearish harami again.
4:00pm:--Bearish hammer of the day.
The end of 1st Quarter,the Dow index Futures expiry.It's the triple Witching Day.
The whole of Wednesday's candlestick has finally been completely covered.
US stocks fall on profit-taking.