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Big · 07-31-2007, 04:21 PM

Supposedly a new report came out in the last hour of trading that said American lending firms are crumbling big time and foreclosures are up something like 60%. The Dow immediately erased all its gains for the day and then lost 150 points.

Even I feel puzzled by this.

07-31-2007, 04:21 PM	#1 (permalink)
Big Olympic Champ Join Date: Mar 2007 Location: On the forums Posts: 8,320 My Mood: Tournaments Joined: 0 Tournaments Won: 0 Awards Showcase Total Awards: 1	Bad news for stocks! Supposedly a new report came out in the last hour of trading that said American lending firms are crumbling big time and foreclosures are up something like 60%. The Dow immediately erased all its gains for the day and then lost 150 points. Even I feel puzzled by this.