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• Stocks will jump, but questions linger

  Posted Sep 07 2008, 09:40 PM by Charley Blaine
  Rating:
  Filed under: investing, Citigroup, Bank of America, economy, Washington Mutual, Wachovia
  Money Blog: Top Stocks Blog - MSN Money

  

  Now that the Federal Government has taken control of Fannie Mae and Freddie Mac, what happens next?

  Futures trading in U.S. stock indexes suggests the stock market will start the day with a huge rally, with the Dow Jones industrials up at least 250 points, a gain of at least 2%. Asian markets were higher today, and bank stocks in Asia and Australia were higher.

  This seems to fly in the fact of such market bears as MSN Money columnist Bill Fleckenstein, who sees more stress ahead for the markets because the economy is so dicey.

  Assuming the market moves higher on the day, the big question remains: How much higher can stocks move and for how long?   Read More...

  Discuss ( 16 comments) 21,890 Views Digg this | Email this | Link to this

• Why should you care about Fannie and Freddie?

  Posted Jul 16 2008, 07:48 AM by Todd Harrison
  Rating:
  Filed under: banking, Citigroup, housing, JPMorgan, economy, Todd Harrison
  Money Blog: Top Stocks Blog - MSN Money

  Given the daily barrage of bad news about the credit crunch, the mortgage crisis and failing banks, you'd think things would be a lot easier for someone who actually wants to take out a simple home loan.

  As a matter of fact, just this morning you read an article about two mortgage companies, one with a name that sounds like what they call your grandmother at her retirement community, the other like some up-and-coming DJ. Fannie Mae and Freddie Mac, could that be it? They ran out of money, apparently, which could make it even harder for you to get a mortgage in the future.

  Harder? Is that some kind of cruel joke? How could taking out a mortgage be any more painful than it already is?   Read More...

  Discuss ( 10 comments) 4,328 Views Digg this | Email this | Link to this

• Crude's big gains threaten stocks

  Posted May 21 2008, 04:49 PM by Charley Blaine
  Rating:
  Filed under: investing, Citigroup, airlines, AMR, Federal Reserve, economy
  Money Blog: Top Stocks Blog - MSN Money

  

  A week ago, I blogged that the stock market rally from mid-March could continue for some time -- if oil prices would cooperate.

  They haven't. Crude oil closed Wednesday at $133.17 a barrel, and stocks tumbled, with the Dow Jones Industrial Average falling 227 points. Things could get worse.

  Here's why the stock market could test the lows of mid-March, amid the worst of the Bear Stearns crisis:   Read More...

  Discuss ( 81 comments) 23,626 Views Digg this | Email this | Link to this