c citigroup to lay off perhaps 30000 ......... also see article wsj today pg b5a blacklisting hits home sellers......... g
bear sterns bsc ....could be worthless....not good for nyc real estate..... layoffs will be awsome across the total financial sector 200000 jobs vanish in nyc .....
YOU MUST REMEMBER MANY OF THE BEAR GUYS BORROWED AGAINST THEIR STOCK IN BSC TO PURCHASE MANHATTAN APARTMENTS......STOCK WAS 171...NOW 29 THEIR WILL BE PLENTY OF THEM THAT HAVE TO SELL .....FAST THE FRACTURE IN THE TEA CUP LEADS TO THE LAND OF THE DEAD G
"THE FRACTURE IN THE TEA CUP LEADS TO THE LAND OF THE DEAD" Interesting. What does it mean and where does that come from? Thanks.
it means ...... that at first a small imperfection..seems small...but its not the fracture although real is a tell.... the fracture will given time destroy the teacup so the fracture is telling you about the future it forecasts the life of the teacup ....witch is now ending nyc real estate has entered this phase...bsc bieng the fracture itself nyc bieng the teacup ...lehman also did not help nyc real estate today... ie the fracture has now widened ...grown we ate at the beginning of drastic markdowns in nyc prime space
so 2 dollars per share......worthless like i said and only 7000 layoffs today ....the next 7000 will come soon as dimon pays for his aquisition ...for sure see your apt fast if its on the upper east side......
Now $2,, I see more Bear S coming around the Conner, this will defiantly soften NYC Economy / real estate,, NEW YORK -(Dow Jones)- For Wall Street, JPMorgan Chase & Co.'s (JPM) deal to buy Bear Stearns Cos. (BSC) means the end of a storied investment bank. For New York City's economy, it almost certainly means another round of recession-tinged layoffs. The woes currently plaguing Wall Street banks, while global in nature, have a decidedly local feel for the city's economy. The tri-state metropolitan marketplace, reaching from Connecticut to New Jersey by way of Manhattan, depends heavily on the cash that Wall Street's financial institutions spend in the area - especially those famously large annual bonuses that firms' pay their ranks of professionals. http://money.cnn.com/news/newsfeeds/articles/djf500/200803171559DOWJONESDJONLINE000797_FORTUNE5.htm March 17 (Bloomberg) -- UBS AG, Europe's biggest bank by assets, fell the most in more than nine years in Swiss trading after reports that the company may cut as many as 8,000 jobs, sell a U.S. unit and raise more capital. UBS fell 3.94 Swiss francs, or 14 percent, to 24.5 francs. That marked the biggest decline since September 1998 and the lowest level since October that year, three months after UBS was created in a merger. Credit-default swaps on the Zurich-based bank jumped 25 basis points to 235, according to Deutsche Bank AG. http://www.bloomberg.com/apps/news?pid=20601085&sid=aMp_AYS_XG2s&refer=europe Wall Street's pink slip parade Job losses at Bear Stearns after the JPMorgan buyout could launch another big round of layoffs in the banking sector. And those jobs may never come back. http://money.cnn.com/2008/03/17/news/companies/job_cuts/ Domers no, realests yes!!!