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Malaysia's Cagamas in jv with HK Mortgage Corp (Reuters via Yahoo! Malaysia News)  KUALA LUMPUR, Dec 20 - Malaysia's national mortgage firm Cagamas Bhd has signed a joint venture with the Hong Kong Mortgage Corporation to develop an international mortgage guarantee business, Cagamas


Some home improvement expenses are tax deductible  Can you take tax deductions for improvements you made - new carpeting, painting, etc.read more...


A Burning Issue In the Basement    When Wayne Green recently decided to transform his 27-year-old unfinished basement into a combination fifth bedroom, home theater and storage area, he began shopping for contractors and crunching numbers.


E. Oaklander vies for 'TheBiz'  For East Oakland native Yancey Richardson, learning how to hustle is his most important survival skill.read more...


Merrill Lynch, Other Firms Abandon Predictions U.S. Treasuries Will Rally  Wall Street's bond bulls are in retreat as higher interest rates and faster inflation leave U.S. Treasury investors with the smallest returns in six years.read more...


Will lax mortgage lending policies hit home? (Minneapolis-St. Paul Star Tribune)  Is a blowout taking shape in the impaired-credit mortgage market? Could lax underwriting standards during the housing boom years -- no verification of applicants' incomes or assets, low or no

October 19th, 2007

Wall Street Remains Bullish Despite Data

“The fourth quarter outlook is changing as new earnings guidance emerges, oil prices continues to rise, the Federal Reserve October meeting gets closer, and of course, as every housing and employment numbers is released and restated”

With all the predicaments facing the markets these days credit growing scarcer, oil near a record $90 a barrel, home prices in the dumps it would be logical if investors were shoving money under their mattresses, instead of into stocks.

But logic doesn’t always prevail on Wall Street.

The Dow Jones industrial average plunged almost 400 points on Friday, its fifth-straight loss for the week. Yet, Wall Street’s pundits did not waver on projections that share prices will rise again after companies finish reporting quarterly financial results. Read more



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