CircuitCity down

"Bailout" probably the most famous word after word recession in past year 2008.
Compu Serv, Office Depot, Office Max, are hard remembered and now its circuit city. One of my favorite retail chain Circuit City met its end Jan 2009. I am sure it got killed itself because of cheap internet deals and hard time clearing its inventory with aging models. BestBuy only major electronic retail chain will that survive?, it has to or else where will i buy my next 42 inch television. Its boone for these stores that internet sales cannot over take this segment for heavy & expensive electronics segment.

Citigroup selling approx 50% stake in Smith Barney brokerage firm to Morgan Stanley, some sort of strategically splitting itself to avoid losses eat whole company. How come Morgan Stanley can afford billions when it was at the brink of bankruptcy during September 2008. During that time, it converted itself to bank holding company to escape wrap from shorts and to reap billions from sweet fed lending window. Unbelievably Bank of America is now 7 buck stock. It got pounded itself because of unexpected losses of Merill lynch in spite of Fed covering those losses. I am afraid if this continues all the banks in America ending up being nationalized.

Pro Ultra shorts SRS, SKF, let me not talk about them, their existence itself is a joke.