Friday, November 16, 2007

20071116 PM

DJIA 13,176.79 +66.74
NASDAQ 2,637.24 +18.73
S&P 500 1,458.74 +7.59
Closed out some shorts as next week equities may go higher on lighter volume due to Thanksgiving.

Based on the latest financial reports of the five biggest Wall Street firms, the value of their level three asset holdings relative to firm equity is the following:
-Morgan Stanley $88.2 billion, 250% of equity
-Lehman Brothers $34.7 billion, 160% of equity
-Bear Stearns $20.2 billion, 155% of equity
-Goldman Sachs $51 billion, 130% of equity
-Merrill Lynch $27.2 billion, 70% of equity.

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