Market Review and Trends
The who’s who list of the stress test due tonight
By Mandy Ong  •  May 7, 2009
[caption id="attachment_2411" align="alignright" width="150" caption="Photo by The Consumerist"]Photo by The Consumerist[/caption] Bank of America   -  Judged to need roughly $34.0 Billion in additional capital Wells Fargo  -  Judged to need roughly $15.0 Billion in additional capital GMAC  -  Judged to need roughly $11.5 Billion in additional capital Citigroup  -  Judged to need roughly  $5.0 Billion in additional capital Morgan Stanley  -  May need to raise between $1 to $2 Bln in additional capital Goldman  -  Judged not to need to raise additional capital MetLife  -  Judged not to need to raise additional capital JPMorgan Chase  -  Judged not to need to raise additional capital Bank of NY Mellon  -  Judged not to need to raise additional capital American Express  -  Judged not to need to raise additional capital TOTAL 65.5 billion required. (And the market rallied last night on the good news that its not as much as expected?!) Source: TheMidnightStar
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By Mandy Ong
Mandy Ong started out as Futures Broker with a SGX clearing member firm in year 2000, handling institutional and retail clients. In year 2003, she became a commission-based Broker, servicing her own clients. During this time, Mandy found that many retail investors are not familiar with trading futures due to the lack of education and proper information, and the futures trading courses that are available are very over-priced and over-sold. Many investors often part with their hard earned money investing in something they do not fully understand. Therefore, she quit broking in Sept 2008 to devote more time to educating the public on Futures Trading. The main objective of The MidnightStar is to introduce investors to Futures Trading and help you understand what trading is all about before plunging into the markets. The website will give you market updates, information and news to help you in your trading. If you are new to Futures and need more help, we have courses to help equip you with the skills and knowledge required for successful trading. As an ex-broker, Mandy will also share with you the secrets of successful traders, what they do right where others have failed.
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