'By being soaggressive, the Fedhas really signaled significant weakness in theU. S.economy, ' saidRobert Catalanello, head offoreign exchange for the Americas at Calyon in New York.
Mark Warnsman, an analyst at Calyon Securities said Kerkorian's move reinforces the perception that he's strongly convinced that there's value to be had at Ford, and that he's placing the capital accordingly.
Financial stocks were reeling, after Calyon Securities analyst Mike Mayo initiated coverage on the largest U.S. banks with a bleak outlook, forecasting additional loan losses.