Good Sunday morning, and welcome to Weekend Reading. As always, here are some articles and papers worth reading. First, however, a look back at the week that just finished, and a look forward to the week ahead.
Last week, the major U.S. indices ended their two-week losing streak. The Dow Jones Industrial Average rose 1.3%, and the S&P 500 was up 1.1%. The Nasdaq Composite ended the week up 0.8%. It was a choppy week, and it's clear investors can't get the late-February selloff out of their heads.
Looking forward to next week, worries about the subprime mortgage market look set to continue. The major media is now all over this story, even though it was developing for at least six months. About the only news that might really trigger selling would be a New Century(NEW Quote) bankruptcy filing, and even that could be seen as a positive for subprime mortgage companies in general. ...
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