Merrill Lynch Downgrades Emerson (EMR) to Neutral Nov 3, 2008 07:32AM

Merrill Lynch downgrades Emerson Electric (NYSE: EMR) from ...


David Moenning's Daily State of the Markets: 7/9 Jul 9, 2008 09:43AM

Talking The Talk – Again

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With the market looking like there was no bottom in sight and talk of insolvency in the banking sector making the rounds; the powers-that-be were out talking the talk again yesterday. If you will recall, on Monday, the market worry was that new accounting rules proposed by the FASB would force Fannie Mae (FNM) and Freddie Mac (FRE) to raise an additional $75 billion in capital. This created a near panic in the financials as people began to wonder where all of this new money was supposed to come from.

However, yesterday morning, both Fed Chairman Bernanke and OFHEO director Lockhart suggested that all may not be lost in the financial sector. Gentle Ben noted that the Fed is likely to extend the TAFFY for Investment Banks beyond the scheduled deadline and said ...