“U.S. stocks rallied, sending the Dow Jones Industrial Average to a record, as investors speculated the worst may be over for banks and construction companies hurt by subprime mortgage losses.”
I guess the banks are feeling better about the world. I wouldn’t bet the ranch that homebuilder stocks have hit bottom yet.
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Cbass 10.01.07 at 10:25 pm
money.cnn.com/2007/10/01/markets/banks/index.htm?postversion=2007100115
Not all Banks are feeling good about the world at the moment.