Entries tagged "Teck Cominco Ltd."
Another day, and another financial services firm announces a restructuring, so it seems. But instead of sending the markets down, Merrill Lynch & Co.'s plan to save itself from the toxicity of asset-backed securities sent the bulls stampeding to a 266.48 run up, pushing the Dow to close at 11,397.56. It didn't hurt that coincidentally consumer confidence climbed and crude oil futures dropped to $122.19 a barrel. But is all the giddiness from Tuesday's winnings just a false sense of security?...
