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Merrill Lynch continued to be in the headlines, as analysts from various firms downgraded the companys shares and slashed target prices, all stemming from the companys disappointing earnings and massive $8 billion write-down.
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We then did an obstacle course in the woods and had to scream while running up obstacles and stabbing and slashing targets.
Since September, the Federal Reserve has slashed its target interest rate five times, and everyone expects it to cut further.
Analysts at Barclays slashed their target price from £11 to 525p, saying: So another outsourcer bites the bullet in order to delever.
Finally, on May 17, the shares stood at $7.05 when he slashed his target to around $5. It closed on Friday at $5.36.
The latest catalyst is a downgrade from Credit Suisse, which has moved from outperform to neutral and slashed its target price from £14.55 to 970p.
The bank also slashed its target price - perhaps belatedly - from 435p to 155p, saying: Essar [is] down 37% year to date mainly on a negative Indian Supreme Court ruling on its deferred sales tax benefits.
So he has cut his recommendation on the sector from overweight to neutral and slashed his target prices for Lloyds from 120p to 55p, for RBS from 75p to 45p and for Barclays from 400p to 275p.
In the buoyant telecoms sector, equipment maker Marconi was seeing good demand, despite rumours that analysts at Schroder Salomon Smith Barney had slashed their target to price to 750p from £11.
The Fed has already slashed its target overnight interest rate to a range of 0 to 0.25percentt and cannot cut deeper than zero, so investors will pay attention to the statement the Fed releases at the end of the two-day meeting.
Outlook Outlook Outlook Morgan Stanley repeated its underweight call and slashed its target price from 570p to 410p Outlook Outlook My Week: One estimate says a Brexit could see trade between the two countries reduced by 20 per cent or more Enterprise managed to soothe shareholders' anxiety with a solid trading statement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com