Pre-market update: 2008-12-12

By Edward Harrison On Dec 12, 2008

Pre-market trading is not looking good. Everyone is pointing to the auto bailout failure as the cause. If you’re in treasurys, you are very happy because yet again the flight to lunacy continues as equity markets sell off.

If you asked me, the real news is the Mad Madoff Ponzi Scheme. Read these two accounts here:

Calculated Risk: The Madoff Complaint

Cassandra Does Tokyo: Bernie Comes Out of the Closet

Crazy!

Source
Pre-Market Trading – CNN Money

financial news

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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