Quote from islands111:
I pesonally guarantee you that will not happen.
look for 1500 in short order.Either today or monday.
Mondays a public holiday
Bush to today offer help to borrowers to avoid default-WSJ - At 11 a.m. today, President Bush will speak in the Rose Garden to address the subprime mortgage crisis and outline a number of policy changes and suggestions to aid borrowers to avoid default, reports the Wall Street Journal.
Bush to allow more people to refinance mortgages through gov't-Washington Post - In an attempt to ease the mortgage crisis, President Bush and Treasury Secretary Henry Paulson will propose changes to the Federal Housing Administration, or FHA, mortgage insurance program that would allow more people to refinance with FHA insurance if they fall behind on adjustable-rate mortgages. As a result of the change, about 80,000 additional households will receive FHA refinancing in 2008, according to an administration official. [Reference Link]:[
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/30/AR2007083002207.html]
Friday, August 31, 2007 Exp Prev
ET/GMT
0945/1345 Aug Chicago PMI
Purchasing Managers Index
(Adjusted) 52.5 53.4
1000/1400 Jul Factory Orders
Total Orders +3.3% +0.6%
1000/1400 Fed Chairman Bernanke speaks on housing and monetary
policy in Jackson Hole, Wyo
1000/1400 Aug Reuters/Univ Mich Index, prelim
Sentiment Index End month 83.2 90.4
Sentiment Index Mid Month 83.3
1400/1800 Bond markets closed early ahead of U.S. Labor Day