April Fools

Which one is an April Fools Joke?

1) UBS loses $18 billion dollars, annouces efforts to raise $15.1 billion through a rights offering, gets downgraded by Moody's and Fitch, and ends up 14.62% today.

2) Blackstone is able to raise an $11 billion fund to invest in real estate.

3) Citigroup annouces it is seeking directors with expertise in finance and investments. Now that is funny if you think about it.

4) Commercial constuction spending declined.

5) General Motors sales declined 19% and Ford's sales declined 14% year over year and both finished up 6% and 4% respectively.

6) The U.S. markets ended up more than 3% on all this!

If you would have guessed none of the above, you would have been right!!