The stock markets are bouncing off their lows this afternoon due to comments coming from a top person at Blackrock. This certain individual is saying that the Bear Sterns 30 billion mortgage backed securities portfolio that was taken over is actually worth more now then when it was taken over. It is also yielding some decent cash flow.
James Lockhart is now speaking about a program designed to get home owners affordable monthly payments for their houses.
The Dow was down 265, now only down 160.
http://daytradingstockblog.blogspot.com/