Before the Bell 3/19/2008

[0:47] ..." we may have some more testing to -- to go to real estate market that's little shaky between those. May appeal was that Bear Stearns mess -- consistency with the bottom ones. -- okay are we also get some great news again this morning the biggest IPO in Wall Street history was just priceless right. These became that an eighteen billion dollar offering -- and investors are. Our don't think we're going"...

[1:40] ..." Yeah yesterday the markets that's involved promote Goldman Sachs and and Lehman Brothers in this morning Morgan Stanley is out -- earnings that despite -- 42% drop their earnings which you wouldn't think it's good they actually did better than expected so despite. -- writing down over that four billion dollars -- number a look at terms of those assets due to the bond market woes but it's. It's telling you that it's interesting that it's important time we're going to have to write ups of this"...

[0:14]" It's it -- remembered the last several weeks. Still -- to -- which is for me to go on vacation it's all overweight kids in the out. Just maybe it is aggregate -- that -- for a military perspective -- people at. You know that's that's within the market that's a good -- Fed was using its old two blocks they were banging loudly to get the markets in the liquidity going on even that. You know that the Fed cut either those less than what they thought they give -- a 440 point -- so adjusted that they did like the smartest of liquid sought. I think that we may have some more testing to -- to go to real estate market that's little shaky between those. May appeal was that Bear Stearns mess -- consistency with the bottom ones. -- okay are we also get some great news again this morning the biggest IPO in Wall Street history was just priceless right. These became that an eighteen billion dollar offering -- and investors are. Our don't think we're going to stop using those credit card so looks like maybe that's and making Israel look better. The yen -- the eighteen billion dollars pouring in and out of those low yielding money market -- just -- signs one as a trading today it was kind of down from most of the morning but it's starting with the upside this -- future is now -- seven. Our enforcement not -- it's down nine but it's moving its way up. A suspect of private Apple's 251 gold down 34 dollars mortgage backed -- with us."

[1:40]" Yeah yesterday the markets that's involved promote Goldman Sachs and and Lehman Brothers in this morning Morgan Stanley is out -- earnings that despite -- 42% drop their earnings which you wouldn't think it's good they actually did better than expected so despite. -- writing down over that four billion dollars -- number a look at terms of those assets due to the bond market woes but it's. It's telling you that it's interesting that it's important time we're going to have to write ups of this we're going to have -- sides so that maybe we'll see that sometimes soon but again let's get to the bottom first."