2. Wells Fargo Financial (WFC) US$41.1 STRONG BUY
3. General Electric (GE) US$19.7 BUY
4. American Express (AXP) US$48.6 HOLD
5. Walt’s Disney (DIS) US$36.99 HOLD
Irish financial crisis: Investors over-react the impact: 1) Irish’s fund shortage is due to broken of real estate bubble & creating mortgage bad debt in many Irish banks. So Irish government inject capital to banks and ran out of $$ in short term; 2) It is not big crisis because:
- EU has $750B emerging fund to support any member country in need;
- The shortage is not due to long term structural credit issues;
- The debt renewal amount is lots smaller than Greek, while Irish’s economy is better than Greek
I think it will settle this week.
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