Waiting for the second shoe to drop…
Much has been written about how mortgage resets (loans that were taken out with a low short term interest rate, only to rise to a higher value at a later date) have added fuel to an already large housing market bonfire.
However, the data on foreclosures and defaults are giving investors the impression that things may [...]
More to Go?
The S&P 500 finally broke through the 1100 level. Market followers will recognize this as an important level that investors have been trying to push through since October.
As we noted in our most recent issue of MarketWatch (sign up here) the “government backstop” is still in place. Investors ignored the recent break in trend and [...]
