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EQUITY LETTER

MONDAY SEPTEMBER 15 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Quadruple Witching
NO ECONOMIC NUMBERS
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KMB     MTG     MDTL 

TOP FINANCIAL NEWS
There will be no announcement from the Treasury/government of a possible solution tonight or tomorrow on potential RTC-type solution - CNBC
CNBC reports that the Bernanke/Paulson meeting with the full congressional leadership is still ongoing and reports that a government official is telling them that there will be no announcement of any RTC-type or any comprehensive solution or entity to this problem tomorrow.

BUSINESS NEWS

After Hours Summary
 MS +2.9% (Morgan Stanley in talks with CIC -- FT); WM -6.0% (No bidders come for Washington Mutual -- FT; Fitch places WM on rating watch evolving)

Companies trading higher in after hours in reaction to earnings
 ORCL +5.9%... 
Companies trading lower in after hours in reaction to earnings
 PALM -12.8%...
Companies trading higher in after hours in reaction to news
: MS +2.9% (Morgan Stanley in talks with CIC -- FT)...  Companies trading lower in reaction to news
 UDR -8.9% (says damage from hurricane Ike was relatively minor); OMX -8.5% (says has issued and outstanding $735 mln aggregate principal amount of securitization notes issued in connection with the sale of timberlands in 2004 -- Reuters); WM -6.0% (No bidders come for Washington Mutual -- FT; Fitch places WM on rating watch evolving).

Events

JEC, WLDN, FLR, AZZ at D.A. Davidson & Co. 7th Annual Engineering & Construction Conf.

OKE, OKS at UBS Master Limited Partnership

 

 

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2008 U.S. Economic Events & Analysis

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Monday  Sep  15 
 
 

 
 

10 Yr Note Settlement

 
 
 
 

 
ICSC-UBS Store Sales
 [Bullet] 7:45 ET 

Consumer Price Index
[Consensus]
 [Star] 8:30 ET 

Redbook
 [Bullet] 8:55 ET 

Treasury International Capital
 [Bullet] 9:00 ET 

Housing Market Index
 [Bullet] 1:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

FOMC Announcement
 [Star] 2:15 ET 

 
 
 
 

 
MBA Purchase Applications
 [Bullet] 7:00 ET 

Current Account
 [Bullet] 8:30 ET 

Housing Starts
[Consensus]
 [Star] 8:30 ET 

EIA Petroleum Status Report
 [Bullet] 10:35 ET 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

Quadruple Witching

 
 
Equity Settlement
09 -18 -2008
Equity Settlement
09 -19 -2008
Equity Settlement
09 -22 -2008
Equity Settlement
09 -23 -2008
Equity Settlement
09 -24 -2008

 

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

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     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)