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The Five Dumbest Things on Wall Street This Week

Stock quotes in this article: WCI , XMSR , SIRI , EXPE , IACI , BVF , CFC  

1. Motivated Seller

The roof is caving in at Countrywide (CFC Quote).

Shares in the Calabasas, Calif., lender sank 10% Tuesday after an earnings debacle. Profit plunged by a third in the second quarter, while defaults and delinquencies rose across the board.

Countrywide's outlook is even gloomier. The company slashed its 2007 guidance and warned of job cuts in coming months. CEO Angelo Mozilo said a turnaround is unlikely until at least 2009. ...

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