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Stocks tumble after sales of existing homes fall Thursday July 24, 3:28 pm ET By Tim Paradis, AP Business Writer Wall Street retreats following steeper-than-expected drop in home sales; financials decline NEW YORK (AP) -- Stocks skidded lower Thursday after a steeper-than-expected...

Mortgage concerns batter Washington Mutual shares Thursday July 24, 3:26 pm ET Washington Mutual shares continue descent as concerns over mortgage portfolio persist NEW YORK (AP) -- Shares of Washington Mutual Inc. fell sharply again Thursday, as concerns persisted about the...

Los Angeles sues Wall St banks, bond insurers Thursday July 24, 12:49 pm ET CHICAGO (Reuters) - The city of Los Angeles sued more than 30 municipal bond insurers and Wall Street investment banks, accusing them of fraud and antitrust that it said cost taxpayers millions of dollars. The...

Pimco: $1 trillion housing losses seen Thursday July 24, 11:23 am ET By John Parry NEW YORK (Reuters) - The best way to help the ailing housing market recover from the $1 trillion of losses it faces will be to cut the cost of mortgages via the housing bill and rescue package for...

More great news for the housing market: All types of mortgages see rate increases Thursday July 24, 1:42 pm ET By Martin Crutsinger, AP Economics Writer Rates on 30-year mortgages jump to highest level in nearly a year, reflecting market worries WASHINGTON (AP) -- Mortgage rates...

New layoff filings jump as companies retrench Thursday July 24, 10:20 am ET By Jeannine Aversa, AP Economics Writer New layoff filings rise sharply as companies cutback work forces amid economic troubles WASHINGTON (AP) -- The number of newly laid off people filing claims for...

16:30 AAPL sees Q4 $1.00 vs $1.24 First Call consensus; sees revs $7.8 mln vs $8.32 bln First Call consensus

GOOG should give the bulls a boost tomorrow... :D

GOOG & MSFT missed... More great news for the bulls...

Longs raped good...

The market has bottomed, so buy now !! The train is leaving the station, DOW 14K is around the corner. You can't lose money buying stocks with this wonderful economy.

Cops to IndyMac customers: Remain calm or face arrest Daily News Wire Services Article Last Updated: 07/15/2008 09:25:40 AM PDT Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second...

Analyst warns on Wachovia amid more bank worries Tuesday July 15, 9:59 am ET Analyst calls situation bleak for Wachovia as jitters about the banking system continue NEW YORK (AP) -- The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue...

Check this out: http://latimesblogs.latimes.com/laland/2008/07/waiting-in-line.html

IndyMac borrowers line up in California to withdraw their cash Mon Jul 14, 2008 12:57pm EDT By Gina Keating PASADENA, California (Reuters) - IndyMac Bancorp Inc customers lined up outside a branch at the company's headquarters on Monday, hoping to withdraw their money after regulators...

Slow steady drip down...

Lehman says Wash Mutual needs to add "substantial" reserves By Greg Morcroft Last update: 12:35 p.m. EDT July 14, 2008 NEW YORK (MarketWatch) -- Lehman Bros. analyst Bruce Harting told clients Monday that he expects Washington Mutual WM 3.47, -1.48, -29.9%) will have to add...

When Goldman files BK :D

Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings By Bradley Keoun July 14 (Bloomberg) -- At an investor presentation in May, Citigroup Inc. Chief Executive Officer Vikram Pandit said shrinking the bank's $2.2 trillion balance sheet, the biggest in the U.S., was a...

Analysts Say More Banks Will Fail by Louise Story Monday, July 14, 2008 As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. But after a large mortgage lender in California collapsed late...