Thursday, July 9, 2009

Wednesday Morning

AlphaNinja - US stock futures are pointing to a higher open, thanks to a drop in jobless claims and yesterday afternoon's "less bad than expected" earnings release from Alcoa.

Holders of subprime mortgage bonds are selling properties at prices far below what banks are "ok" with.

Despite talk of a bottoming phase in the economy, there's renewed bearish sentiment with the homebuilding stocks.

Bloomberg detailing the difficulties that await towns with auto plant closures.

NYTimes wonders if bailing out banks is simply delaying the inevitable? Probably.

WSJ correctly compares the stimulus to "Brewster's Millions" the Richard Pryor film.

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