Wednesday, July 11, 2007
Subprime Woes
Sorry but have to be brief today. The SPX tanked 21.73 points to finish on 1510.12. We are in the green and looking quite good.
The reason for the decline; S&P the ratings agency said it may have to downgrade ratings on $12 billion in subprime mortgages. Ouch!! Just think, two weeks ago not many people had heard of subprime loans.....now there in the news everywhere.
Until next time.
The reason for the decline; S&P the ratings agency said it may have to downgrade ratings on $12 billion in subprime mortgages. Ouch!! Just think, two weeks ago not many people had heard of subprime loans.....now there in the news everywhere.
Until next time.
# posted by Paul @ 5:43 AM 
