Investors watch out for key US events
Tuesday
New Delhi, Sep 16 (IANS) Investors around the world will be watching out for some key events
that will unfold over Tuesday and Wednesday in the world’s largest economy the US.
A key question haunting the mind of investors is: what kind of third quarter earnings will the
world’s largest investment bank Goldman Sachs report Tuesday followed by the world’s second
largest investment bank Morgan Stanley reporting Wednesday.
After the fourth largest investment bank Lehman Bros. filed for Chapter 11 bankruptcy Monday
and the third largest investment bank Merrill Lynch agreed to be bought over by Bank of
America, many are wondering if the independent securities firm model is on its last legs.
Just six months back another such firm Bear Sterns had gone under and was bought out by
JPMorgan-Chase.
‘These two may be all right now but who knows two months down the line what they will
report,’ said Naresh Pachisia, managing director o