Stocks set to rebound from huge drop
NEW YORK - Wall Street appeared headed for a sharply higher open Friday as a strong outlook from IBM encouraged investors to buy back into stocks after their huge drop this week.

Bush’s Bernanke talks; Dow tanks
U.S. stocks on Thursday sold off for a third day straight, with the Dow sinking to 10-month lows, after Federal Reserve Chairman Ben Bernanke spoke about the country’s economic trouble and a regional measure of economic activity contracted. The Dow Jones Industrial Average lost 307 points, or 2.5%, to end at 12,159.2, while the Nasdaq Composite fell 47.69 points to 2,346.9.

Luxury Retail Feels Credit Pain
Formerly free-spending shoppers who were “trading up” to high-end goods are now less likely to treat themselves to that Gucci bag

Wealthy may be next in line in home crisis
Real estate agents warn that some high-income borrowers have already been forced to sell or leave their homes and more will follow. Especially those who used their homes as ATMs, withdrawing cash via home equity loans. “For those who utilized home equity loans for five to ten years to finance their lifestyle, the chickens are coming home to roost,” said Chicago-based real estate agent Marki Lemons.
These jerks helped put our whole economy at risk.  When are we going to stop admiring wealth and the wealthy, no matter the consequences of their actions?

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