Market View Sees Modest Upside Bias With Bullish Hopes
Stocks rose 43 points to new highs before a pullback erased most gains. Normal profit taking, a soft bond market, and worries about Boesky and Iran arms blamed by media contrast with the idea that a new up leg would emerge if mood money and momentum align. The author notes eight months of churning markets and a seasonally weak December to January period, while alternative investments lack appeal.
MENTIONED IN THIS ARTICLE
Dow
Boesky
Iran
Foreclosure Rates High Across States as Delinquencies Dip
A national mortgage survey of 10 million loans shows new foreclosures at 0.27 percent the highest since 1984, with Wyoming Oklahoma North Dakota and Alaska posting the top rates. Delinquencies 30 days or more past due fell to 5.42 percent, the lowest since March 1984, while 1 percent are 90 days delinquent and 0.92 percent in foreclosure. Highest regional rates appear in Wyoming 4.78 percent Oklahoma 3.90 percent North Dakota 3.67 percent and Alaska 2.74 percent. New Hampshire remains lowest at 0.07 percent.
MENTIONED IN THIS ARTICLE
Wyoming
Oklahoma
North Dakota
Alaska
Warren Lasko
Mortgage Bankers Association
New Hampshire
Vermont
Pennsylvania
Illinois
Ohio
Indiana
Michigan
Iowa
Texas
Louisiana
Arkansas
Arizona
Nevada
Utah
Montana
South Carolina
Tennessee
Mississippi
Puerto Rico
District of Columbia
Scripps Howard News Rice
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OXY
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aUeace
Destin
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Necro Oy
Bobbi T. Casper
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Sandestin Beach Resort
Maison
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Wen
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