"You can't build a reputation on what you're going to do." Henry Ford
Monday, October 15, 2007
Market is down 160 points due to earnings releases today. The bears are eating this up.
The banks are going to team up to try and revive the credit market. Lets see if 100 billion dollars will have an effect on the credit "Crisis." The number of defaulting sub-prime loans is less than 1 percent. I wonder how many stock options have been written with financial companies undervaluing there holdings.