This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mood Of The Nation: Some Optimism Amid Struggles

But also a realist. To blunt the pain of higher gasoline prices, for example, he's invested in a Toyota Prius for the long run. His home's value has tumbled. And while it's still worth more than he paid for it about 13 years ago, Baker hardly expects its value to soar in coming years.

He's confident his business will thrive â¿¿ if the construction industry can sustain its gradual recovery and if employers eventually start hiring as freely as they did before the Great Recession struck nearly five years ago.

"My wish for America is to get out of any recession or depression and go positive," Baker says. "Let people have jobs again."

â¿¿ Associated Press Writer Matt Sedensky

__

BILLINGS, Mont. (AP) â¿¿ A home in foreclosure. Damaged credit. Vanished savings.

This isn't exactly how Amanda and Chris Folk envisioned life would be like in 2012.

Until about five years ago, the Folks were living comfortably with their two children, now 6 and 9, outside Boise, Idaho. They owned a home. Chris made a good living as a self-employed flooring installer. Weekend trips out of town were a pleasurable routine.

Once Boise-area home prices collapsed, though, the Folks' lifestyle did, too. Work dried up for Chris. Amanda quit college. And they moved to Montana to be closer to her family.

An oil boom was boosting the eastern Montana economy, and Chris slowly rebuilt his flooring business. Amanda took a job as a nurse's assistant.

But during the transition, the family's income sank. They could no longer keep up with mortgage payments on their Idaho home. So for the past three years, the house has languished in foreclosure.

The family's credit is shot. They blew through nearly $30,000 in savings, mainly on mortgage payments. Attorneys tell them their only way out is bankruptcy protection.

8 of 9

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,078.23 -8.40 -0.05%
S&P 500 1,988.50 +1.49 0.08%
NASDAQ 4,473.9460 +0.2490 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs