New Quarter New Hope?
Apr 1st, 2008 | By Contrarian Profits | Category: Featured, Financial News, Stock Market InvestingWith US stocks futures pointing higher and a rally around banks in London trading at the beginning of the new quarter, The Wall Street Journal sees light at the end of the credit-crisis tunnel.
“Stock futures rose as investors opened the books on a new quarter by betting that the latest write-downs from UBS and Deutsche Bank have put most of the worst damage to banks and brokers from the credit crisis out in the open,” says the WSJ.