Monday, March 3, 2008

News of March 03, 2008


Sorry I’m under the weather. The bug finally got me. Here is some of the news of today.

Bloomberg - U.S. Stocks Drop, Led by Financials; JPMorgan, Citigroup Fall

Fortune - Margin calls thrash Thornburg again

Reuters - Buffett says U.S. in recession, stocks not cheap
"By any common sense definition, we are in a recession," Buffett said. "Business is slowing down. We have retail stores in candy, home furnishings and jewelry. Across the board, I'm seeing a significant slowdown."

Reuters - Housing crisis puts off first-time buyers
The good part of the popping bubble is that some people will actually learn that gambling with their home and mortgage is bad.

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