Solid Ground
The stock market has regained what it lost in late February's and early March's mini-crash, and the Wall Street Journal had an article today about investors getting back their taste for risk. I am not convinced, although I don't think another mini-crash is in store either. I don't think all the mortgage news is out yet and this will continue to affect the market. The Journal's Deal Journal blog said today that Countrywide is in play. Saturday's (April 14) Financial Times Weekend had an article on GE's quarterly numbers and its exposure to subprime mortgages. The GE executive quoted for the article said that its Alt-A (a step up from subprime borrowers) loans are exhibiting the same characteristics as its subprime loans did. If this is widespread look for more volatility and investor jitters.