Bernanke pours cold water on Mortgage hopes!

It seems that the end is not yet near as one may have hoped, for according to Bernanke, the mortgage crisis is far from over. For those of you how are wondering who on earth is Bernanke and why on earth should we even bother to listen to him? Well, for your information, Bernanke is none other than the Fed chief and his analysis carries a lot of weight and is much more on the mark than what you or I would have to say on this matter.

According to Bernanke the crisis is far from over and that the government may have to take some more remedial measures to help calm the waters. Of course, the query on every one's lips is what does this mean for us the common man on the street? Well, for one thing, do not go near the stock market for the next couple of days as the market sentiment is quite down and other than that, to keep an eye out on home prices since they are dropping you may actually get your hands on a property that is worth much more than what it is being sold for.

Bernanke wants the foreclosures to be either stalled or written off at least partly as such a move would bring stability to the markets. What ever else that anyone may have to add on this, one thing is for sure, the ride is far from over and that there is more excitement to come!

Asian stocks rage on in 2007!

Asia and its stocks has seen a bumper year and this was mainly die to the FII's pouring their money into Asia and this has bumped up the stock indices all across Asia by a huge margin, the noteworthy one here being that of the Indian stock exchange. Will this momentum last, that seems to be the question on the mind of every capital analyst. The way that things are shaping up in the United states is bound to have an effect on the Asian markets and lets not forget that most of the Asian currencies are still pegged to the U.S dollar.
I guess it is all a question as to when will the bear start rising again in Asia? But in spite of poor showing by the U.S economy, the Asian markets should not be affected that much since most of the major ones are protected against any severe backlash resulting from the recession starting in the United states, but even then, the growth rate should be down for the following year by a considerable margin at the least.

Stocks go flat on the new homes sales data!

With the wall street lurching from one bad report to another,this is certainly turning out to be one bad year for investment banking. With more and more companies coming out with their damage reports regarding their exposure to the Mortgage crisis, it is no wonder that the markets have all gone flat on the commerce departments report that the new homes sales data has fallen by more than 9%.
With the recent news that the comsumer confidence shown as being up, the hard core data belies that one totally, if the consumer confidence is indeed up and totally upbeat about the state of the economy, then shouldn't the number of new homes being bought go up?

From weak to volatile!

The Indian markets opened up weak today and then saw a bit of volatile trading as the correction time has started.this was expected to happen for quite some time and this is one of the main reasons that the retail investors were asked to stay away from the market.as things stood,by 1 pm,the market had lost around 220 basis points but also saw some rather hectic recoveries being posted by some of the tech stocks.especially Infosys which had come out with the usual 'all is good and well' Q report.lets see how the rest of the trading session takes on!is the sleeping bear going to awaken??