Not quite.
Stock futures point mixed AP via Yahoo! News - Jul 13 3:47 AM
Stock futures traded mixed Friday, a day after investors hurtled the Standard & Poor's 500 index and the Dow Jones industrials to new records, as Wall Street awaited data on June retail sales.
Deutsche Bank warns about subprime
Positive outlook as North American stock indexes at record high levels CP via Yahoo! Canada News - Jul 13 5:09 AM TORONTO (CP) - With North American stock market indexes at record highs and the Canadian dollar approaching parity with the U.S. greenback, global indicators were mostly positive early Friday, while oil prices rose.
Stock markets shrug off debt worries to test new highs Independent - Jul 13 4:13 PM
Stock markets in America and Europe hit new highs yesterday as investors shrugged off the worries in debt markets and the general gloominess surrounding the American economy.
GE says it's exiting U.S. mortgage business Boston Globe - Jul 13 8:14 AM
The robbery of the century
Hardworking Asian savers will see their central banks post billions in losses in the next few years as investments in US subprime mortgage bonds turn to dust. The central bankers allowed themselves to be led by the nose by Western rating agencies and Wall Street investment banks, but ultimately the Asian banks and governments have only their own policy follies to blame. As usual in Asia, nobody will be held accountable, and one of the greatest robberies of our time will be swept under the carpet. (Jul 13, '07)
Soothing words for panicky markets
Tuesday's sharp selloff of US stocks was just misguided panic, say the pundits, from the Federal Reserve chairman and the treasury secretary to Rupert Murdoch's pimps. The market simply got it wrong, they say. But then so did the ratings agencies, the subprime mortgage brokers and the "pigs" who now have been slaughtered and devoured. Another subprime domino has fallen. - Julian Delasantellis (Jul 12, '07)
The two sides of Wall Street are pulling apart
National Housing Horror Gets Gorier
Bubble Morphology: Welcome to the 2007 Summer Rally
Expect one more round of fireworks from the stock market before a massive collapse
Retail sales stagnated last month as per new report – the stagflation is real and rapidly expanding – the worst ...
Dollar drops to new lows on subprime worries; stock gains hit yen
Emerging-Market Bonds Little Changed as Subprime Concerns Ease
UPDATE: Will Stocks Feel Subprime Sting As Debt Ratings Are Cut?
July 11, 2007: 06:17 PM EST
MARKET SNAPSHOT: Stocks Rise As Earnings Hopes Offset Subprime Woes
Stocks close higher as investors play down concerns over subprime market
Subprime fears dominate Wall Street FT.com via Yahoo! News - Jul 11 7:56 AM
Japanese stocks slips 0.37 percent on concerns over U.S. subprime loan problems
U.S. subprime woes hit European stocks, exporters Reuters via Yahoo! Asia News - Jul 11 1:17 AM
Markets marching in step into trouble
Everywhere one looks today, in emerging as well as established markets, vast tides of cash are sloshing back and forth, largely unregulated and often untaxed. The sheer wealth going to leading institutional and individual asset buyers is flabbergasting. In such an atmosphere, one must stay one step ahead of an international correction, the likelihood of which grows by the day. - Max Fraad Wolff (Jul 3, '07)
Of termites and index mania
The "termite" in US real estate is the subprime market, where one out of every five mortgages is delinquent or in foreclosure, a number that will skyrocket as millions of other shaky mortgages of people with no equity and little credit fall due. That may not impact the traders chasing indices to fatten their annual bonuses. - Julian Delasantellis (Jul 2, '07)
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