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To: DeplorableIrredeemableRedneck who wrote (53285)	3/13/2007 6:10:24 PM
From: wsw1	Read Replies (1) \| Respond to of 109015

whatever the reason, positive technicals are indicating a bottom is in place on TRE... tested and stayed above the 4.91 50% fib retrace of the entire move from .72 to 9.10 twice in the last month... stockcharts.com

To: DeplorableIrredeemableRedneck who wrote (53285)	3/13/2007 6:28:53 PM
From: lag351	Read Replies (1) \| Respond to of 109015

Is that ebonics---cooool-LOL Wasss up-

To: DeplorableIrredeemableRedneck who wrote (53285)	3/14/2007 10:45:59 AM
From: DeplorableIrredeemableRedneck	Respond to of 109015

Markets shaken by US housing fears Fiona Walsh, business editor Wednesday March 14, 2007 Guardian Unlimited business.guardian.co.uk The FTSE 100 index crashed more than 100 points today, falling 119 points at one stage amid renewed turmoil on world stock markets. There was some respite this afternoon as Wall Street opened firmer, pushing the Dow Jones Industrial Average 31.25 points higher to 12,107.21 after the first 10 minutes of trading. That sparked a half-hearted attempt at a rally in London, pushing the FTSE 100 index to 6,074.6 points by 1.45pm, although this is still down 86.6 points on the day. But the Wall Street recovery looked fragile, dealers said, and trading remained jittery on both sides of the Atlantic. This latest global market rout has been sparked by the growing crisis in the US housing market. US stocks plunged almost 2% on Tuesday, amid mounting concerns over the state of the American housing market, particularly the so-called sub-prime sector, which specialises in loans to to borrowers with poor credit ratings. New figures yesterday showed more and more homeowners across the Atlantic are falling behind with their mortgage payments and having their properties reposessed. Fears that the mounting sub-prime crisis will spread to the wider US economy sparked a sharp decline in shares on Wall Street yesterday, with the Dow Jones Industrial Average tumbling by 242.66 points to 12,075.96, a fall of almost 2%, its second biggest one-day fall in almost four years. Amid worries that the US problems could spread to the rest of the world, there were widespread losses in Asian markets overnight. In Tokyo, the Nikkei 225 index fell sharply, ending Wednesday's session more than 500 points lower, at 16,676.89, a fall of almost 3%. In London today there were widespread falls for leading shares and there could be worse to come if Wall Street wobbles again today. Julian Jessop, chief international economist at Capital Economics, believes the the sub-prime lending crisis will hit the wider American economy, saying markets are "right to be concerned, particularly about the knock-on effect on US consumer spending". The US sub-prime mortgage market is "yet another example of the financial excesses and extraordinarily high degree of risk appetite that have supported a wide range of asset prices in recent years", he said. Problems in the US sub-prime mortgage market will be another catalyst for a general rethink of risk appetite, he believes: "Some may downplay the global importance of these problems, as they have done with the yen carry trades (can we have a link here) or the bubbles developing in many emerging equity and bond markets. "However, there is a clearer economic impact here via the US housing market. "What's more, this more sanguine approach runs the risk of missing the wood for the trees: whatever the exact trigger, the events of the last few weeks have shown that persistently low market volatility cannot be taken for granted. "This is likely to lead to a further increase in risk premiums across the board."