India PRwire - Sept 16 - II, 2008 - Investors watch out for key US events Tuesday
1. Investors watch out for key US events Tuesday
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.
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