Summary
Bill Martin, principal and cofounder of Indie Research in Princeton, sees more turmoil ahead for Wall Street as investors react to the fastchanging news of the day. Martin views JPMorgan Chase's government-backed buyout of Bear Stearns as vital to helping to restore a measure of stability, but he warns that the credit markets remain deeply troubled and are hardly clear of the bear-infested woods. There will be more financial failures, he says, before Wall Street finally bottoms out.
Martin views JPMorgan Chase's government-backed buyout of Bear Stearns as vital to helping to restore a measure of stability, but he warns that the credit markets remain deeply troubled and are hardly clear of the bear-infested woods. The Federal Reserve, by stepping in with Bear Stearns, demonstrated that it has a game plan to provide support and restructure such institutions.See the full content of this document
Extract
Sorting Out the Seesaw Action On Wall Street
Bill Martin, principal and cofounder of Indie Research in Princeton, sees more turmoil ahead for Wall Street as investors react to the fastchanging news of the day. Martin views JPMorgan Chase's government-backed buyout of Bear Stearns as vital to h...
See the full content of this document
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