Isaac Paige Associates Chairman Worried as US Stocks Close Lower and the Dow Jones Falls to a 12 Year Low

Seattle, WA, March 06, 2009 --(PR.com)-- General Electric was the weakest stock on the Dow Jones Industrial Average as worries mounted that its lending unit would cause it to lose its crucial AAA debt rating. Shares of the conglomerate, long seen as low-risk, fell 59 cents, or 7.8%, to 7.01.

February auto sales from Ford Motor and General Motors corroborated grim signals from manufacturing data Monday and pending home sales data Tuesday. Together, the reports indicate the economic paralysis that set in when Lehman Brothers failed in September lingers despite more than a trillion dollars committed by the U.S. government to save banks and stimulate the economy.

In response to the news Isaac Paige Associates Chairman, Peter Matthews said "Given the magnitude of this crisis we may have to eventually see very cheap levels before we bottom and the market's precipitous decline to levels considered cheap is not a reason to suggest an imminent sustainable bounce."

Speaking from the Isaac Paige Associates headquarters, in Seattle, Matthews also commented on the imminent new legislation for insurance companies by saying "With this legislation that everyone is waiting for on insurers, the more it doesn't get done the sicker the group looks,"

Isaac Paige Associates is highly respected within the financial community and has been providing accurate evaluations for over a decade. Isaac Paige Associates principals are actively involved in all aspects of the mergers & acquisitions evaluation process. Isaac Paige Associates provides responsive and personalized service to Institutions throughout the merger or acquisition including participation in syndication meetings to facilitate the decisions of the participating parties.

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