Merrill Lynch takes $9 billion in write-downs on mortgage-related assets, swings to a loss but the financial meltdown is coming to an end
Sam Adelton
Apr. 17, 2008

The financial guruis are now mulching on the Merill news of its third-straight quarterly loss as the brokerage recorded a further $9 billion in write-downs on mortgage-related assets, leveraged loans and hedges. The company reported a net loss of $1.96 billion, or $2.19 a share, compared with year-earlier net income of $2.16 billion, or $2.26 a share.

However, for the market over all. For the US economy the worst is over intermediate term. Stocks, real estate and US Dollar is poised rally sharply for at least a year and perhaps for more time.

The correction in the banking and leverage system was over due. But the way things capitulated but did not collapse in totality provides the early clues that the markets are ready to snap back on the upside.

Merrill Lynch takes $9 billion in write-downs on mortgage-related assets, swings to a loss but the financial meltdown is coming to an end
Sam Adelton
The correction in the banking and leverage system was over due. But the way things capitulated but did not collapse in totality provides the early clues that the markets are ready to snap back on the upside.
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Basel Committee on Banking Supervision planning to provide global regulatory structure to put banks under the microscope – bullish for dollar, stocks and real estate
Peter Oberois
The stocks market has bottomed. The US dollar is building the base to launch a long term bull market. The real estate is ready to bounce back.
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Government owned Indian oil companies IOC, HPCL and BPCL losing Rs 640 cr per day from sales of subsidized petrol, diesel, LPG and kerosene – headed for a catastrophe?
Preeti Menon
How long can India sustain a loss of $50 billion per year trying to subsidize the petroleum products to create a false hope of contained inflation?
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Asian stocks crashing down signaling major global recession lagging behind US recession
Neal Henderson
As US economy tends to recover itself from the slump, the Asian stock markets are signaling a massive down turn. The steel makers dragged down shares in Shanghai and Seoul.
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Wachovia gets $7bn cash infusion – US banks safe for now as counter trend bear rally continues for the rest of the year
Sandra Simons
The US economy will surprise all and banking crisis will halt suddenly. The second counter trend wave is ready to make things look good for the rest of the year.
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The raging bull in US Dollar confirms its status as G-7 indicate they won't sit by and watch the dollar continue to slide
Karen Zuba
The fundamentals changed finally decisively when world's major economic powers issued a warning to financial markets Friday that they won't sit by and watch the dollar continue to slide against other big currencies.
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International outrage against Chinese human rights violation put the Olympic torch in a bus only after 200 meters of relay from Eiffel Tower
Anil Rane
The torch is extinguished again and again. This time it happened twice in Paris. The free world is rising up against Chinese atrocities against peace loving religious Tibetans.
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