lots of private equity deals that investors are now worried may not go through. big problems at hedge funds and a major german bank. also,housing no where near a bottom and its quite obvious that the sub prime mess is spreading.also the durable goods orders were much less than expected.
We haven't even touched the insider trading scandals that qre looming on these takeovers. SEC is holding back on that for the time being...
the rooster is coming home to roost. listen,these problems have all been discussed before and the markets continued to brush iot off, i think they are now starting to pay attention to those problems and are realizing that there is going to be some trouble.
Once these deals dry up that is it, this could be an even bigger impact on wallstreet than subprime was a few months ago. I dont think this one can be ignored.