There is Larry Summers literally falling asleep at Obama’s economic summit. About 130 lawmakers and think-tankers were in attendance. Go get em’ tiger. He must be working 27/7 because I haven’t seen him since his appointment.
Fourth quarter losses at Merrill were about $15.8 billion, about $500 million higher than expected, “forcing” BAC to take an additional $20 billion in U.S. aid, bringing the total to $45 billion. Funny, Ken Lewis said last week that ” I don”t believe we’ll need any more in the future.”
Central and Eastern Europe (CEE) are really getting ready to implode and I will be writing more on this in the near future and it will have a ripple affect all over Europe and even here. Stay tuned.
Let’s see if the bulls can muster a follow through day today, I’m always the skeptic.