Filed under: After the bell , Ford Motor (F) , Market matters , Bank of America (BAC) , Morgan Stanley (MS) , Financial Crisis This market just won't quit and we even went through yesterday's lows on the DJIA to levels not seen since 2003. The world has determined that all of the efforts by the federal government aren't going to stop the bleeding enough or in time. The coordinated moves from the G8 nations aren't happening fast enough. This is called bear market selling. Cheap stocks get cheaper. Fundamentals don't matter. Technicals don't matter. Bernanke saying rates will be cut didn't matter. Sorry if it sounds depressing, but that is the climate. Below are today's unofficial closing bell levels: DJIA 9,450.29 (-505.21; -5.07%) NASDAQ 1,754.88 (-108.08; -5.80%) S&P500 996.39 (-60.50; -5.72%) 10YR T-Note 3.506% (+0.08%) 52-Week Lows Bank of America (NYSE: BAC ) was down as it had trouble selling its $10 billion stock offering and as talk of counterparty demands over its Merrill Lynch ties have increased. Shares were down 23% at $24.77 in the final minutes before the close. Morgan Stanley (NYSE: MS ) was the subject of rumors again today with today's rumors being that the Mitsubishi UFJ investment was not going to close. Both sides did refute this, but the damage was done. Shares were down 23% at $18.00 in the final minutes before the close. Ford Motor Co. (NYSE: F ) saw a massive hit on ongoing share sales and on fears that it ...
Anytime
Filed under: After the bell , Ford Motor (F) , Market matters , Bank of America (BAC) , Morgan Stanley (MS) , Financial Crisis This market just won't quit and we even went through yesterday's lows on the DJIA to levels not seen since 2003. The world has determined that all of the efforts by the federal government aren't going to stop the bleeding enough or in time. The coordinated moves from the G8 nations aren't happening fast enough. This is called bear market selling. Cheap stocks get cheaper. Fundamentals don't matter. Technicals don't matter. Bernanke saying rates will be cut didn't matter. Sorry if it sounds depressing, but that is the climate. Below are today's unofficial closing bell levels: DJIA 9,450.29 (-505.21; -5.07%) NASDAQ 1,754.88 (-108.08; -5.80%) S&P500 996.39 (-60.50; -5.72%) 10YR T-Note 3.506% (+0.08%) 52-Week Lows Bank of America (NYSE: BAC ) was down as it had trouble selling its $10 billion stock offering and as talk of counterparty demands over its Merrill Lynch ties have increased. Shares were down 23% at $24.77 in the final minutes before the close. Morgan Stanley (NYSE: MS ) was the subject of rumors again today with today's rumors being that the Mitsubishi UFJ investment was not going to close. Both sides did refute this, but the damage was done. Shares were down 23% at $18.00 in the final minutes before the close. Ford Motor Co. (NYSE: F ) saw a massive hit on ongoing share sales and on fears that it ...