It’s only the fifth day in June, but already investors are getting nervous about end of quarter earnings reports. There’s still almost a month to go before most public companies close out their books for the second-quarter, ending June 30.
If the Aussie market follows the U.S. lead today, look out. Before we break for lunch here in Colorado, stocks in New York are taking a beating. The Dow Jones Industrials are down nearly 200 points. And it’s such a nice day out, too.
G. Kennedy Thompson, formerly Wachovia Corp.’s (WB) chief executive officer, can now be added to the list of high-profile subprime casualties that already includes Citigroup Inc.’s (C) Charles O. “Chuck” Prince III, The Bear Stearns Companies Inc.’s (BSC) Chief Executive Officer James E. “Jimmy” Cayne, and Merrill Lynch & Co. Inc.’s (MER) E. Stanley “Stan” O’Neal.