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Mizuho Financial cuts profit forecast

Saturday 12th April, 04:47 AM JST

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2 Comments

  • GrouchyGaijin at 04:54 PM JST - 13th April

    A financial daily on December 17 2007 said that the sub-prime debacle was a "train wreck in slow motion, which everyone could witness occur, but no-one knew how to stop." It also said that "only about 4 or 5% of this problem has been processed." The peak for foreclosures, repossessions and the ensuing chaos that would follow and ripple worldwide would happen "mid August 2008." Hold on tight folks, this market is gonna get V E R Y bumpy!

  • romulus3 at 06:08 PM JST - 14th April

    markets are gonna tank badly this week when Citi Bank and Merrill lynch announce further shocking subprime related loses. maybe 12 billion more each. after this round of tankings, buy Financial stocks and ride the wave back up.

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