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Yes they take all the earnings out of the oil stocks to have cash available. A very nervous situation. They don't look to value anymore but sell everything even the good funds.
If this crisis in the financial sector won't stop I don't know where the end is. If we look to UTS it lost more then 3/4 of his earlier value.
Lucky for CLl it's pumping up bitumen and they have their financial deal in the pocket for Algar.Maybe further cost will be lower then forecast due to the falling commodities .But meanwhile it's hard to see our sp going down below 3
We can only hope it recovers during the day and ends close to the opening. What a mess these days.
In Belgium people start worrying about their money in he banks .4 of our greatest banks has relations with LB and AIG .I can't understand that these banking sectors has act in such an irresponsible way to built up so many debts in their balance sheets.
Greenspan did know about this way before 2000 but just did nothing to prevent. What a clown.
