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	<title>Stock Blog Hub &#187; ET</title>
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		<title>(FCX) Words from the (investment) wise for the week that was (September 1 – 7, 2008)</title>
		<link>http://www.stockbloghub.com/2008/09/08/fcx-words-from-the-investment-wise-for-the-week-that-was-september-1-%e2%80%93-7-2008/487</link>
		<comments>http://www.stockbloghub.com/2008/09/08/fcx-words-from-the-investment-wise-for-the-week-that-was-september-1-%e2%80%93-7-2008/487#comments</comments>
		<pubDate>Mon, 08 Sep 2008 10:40:09 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FCX]]></category>
		<category><![CDATA[HD]]></category>
		<category><![CDATA[LOW]]></category>
		<category><![CDATA[TIP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001487/2008/09/08/fcx-words-from-the-investment-wise-for-the-week-that-was-september-1-%e2%80%93-7-2008</guid>
		<description><![CDATA[Investors not only returned to a shortened trading week after the Labor Day holiday on Monday, but also to a bruising on stock markets, at least for those with long equity positions. Concerns about the global economic outlook and continued financial duress spooked bourses around the world, with a number of other factors also adding to investors’ nervousness. In particular, Pimco’s Bill Gross, the manager of the world&#8217;s largest bond fund, said the US needed to step up and buy assets to avoid a “financial tsunami” (Bill is renowned for talking his book on occasion!), Dwight Anderson’s big Ospraie commodity hedge fund closed after suffering large losses, and Russia was selling foreign currency reserves to prop up the rouble after foreign capital fled the country following Russia&#8217;s invasion of Georgia. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FRE) Words from the (investment) wise for the week that was (August 25 – 31, 2008)</title>
		<link>http://www.stockbloghub.com/2008/09/01/fre-words-from-the-investment-wise-for-the-week-that-was-august-25-%e2%80%93-31-2008/407</link>
		<comments>http://www.stockbloghub.com/2008/09/01/fre-words-from-the-investment-wise-for-the-week-that-was-august-25-%e2%80%93-31-2008/407#comments</comments>
		<pubDate>Mon, 01 Sep 2008 08:40:10 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[R]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001407/2008/09/01/fre-words-from-the-investment-wise-for-the-week-that-was-august-25-%e2%80%93-31-2008</guid>
		<description><![CDATA[The gyrations of financial markets ahead of the Labor Day weekend tested the patience of bulls and bears alike. As big swings took place in thinly-traded markets, I was reminded of Albert Schweitzer’s words: “As we acquire more knowledge, things do not become more comprehensible but more mysterious.&#8221; None the wiser, I also did not succeed in capturing a leprechaun and finding the gold during my visit last week to the Emerald Isle. However, the beautiful Irish scenery, hospitality and “open for business” attitude resulted in a very successful trip and will keep me going back in search of the “buried treasure”. Nervousness about the financial system was still paramount as investors realized that none of the problems were likely to be fixed anytime soon. The upshot of the week’s ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Words from the (investment) wise for the week that was (August 18 – 24, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/25/words-from-the-investment-wise-for-the-week-that-was-august-18-%e2%80%93-24-2008/374</link>
		<comments>http://www.stockbloghub.com/2008/08/25/words-from-the-investment-wise-for-the-week-that-was-august-18-%e2%80%93-24-2008/374#comments</comments>
		<pubDate>Mon, 25 Aug 2008 22:34:10 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[ET]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=374</guid>
		<description><![CDATA[As I am traveling at the moment (see “Gone fishing – in Ireland”), this week’s edition of “Words from the Wise” does not provide the customary review of the financial markets’ movements and economic statistics. However, I have been able to put together the section on interesting news items and quotes from market commentators before embarking on a long-haul flight from Cape Town to Dublin (via Johannesburg and Frankfurt). Firstly, a very topical quote about the economic situation: “The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced if the nation doesn’t want to go bankrupt. People must again learn to work, instead of living on public assistance.” Take a guess ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(WMT) Words from the (investment) wise for the week that was (August 11 – 17, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/17/wmt-words-from-the-investment-wise-for-the-week-that-was-august-11-%e2%80%93-17-2008/332</link>
		<comments>http://www.stockbloghub.com/2008/08/17/wmt-words-from-the-investment-wise-for-the-week-that-was-august-11-%e2%80%93-17-2008/332#comments</comments>
		<pubDate>Mon, 18 Aug 2008 04:40:11 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Discount Variety Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JCP]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JWN]]></category>
		<category><![CDATA[KSS]]></category>
		<category><![CDATA[TIPS]]></category>
		<category><![CDATA[WMT]]></category>

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		<description><![CDATA[Almost exactly a year after the advent of the credit debacle, the term “credit crunch” squeezed into Britain&#8217;s Chambers dictionary, defined as “a sudden and drastic reduction in the availability of credit”. Fittingly, the past week witnessed market participants focusing anew on deteriorating global growth prospects, arguing that slower growth and belt-tightening times could reduce inflation pressures. A wave of weak data hit the global economic headlines during the week. Real GDP growth in the Eurozone contracted by 0.2% in the second quarter, the first decline since record-keeping for the Euro area commenced in 1995. Germany and France, the two largest economies of the group, recorded declines in GDP of 0.5% and 0.3% respectively. The UK economy is on the verge of a recession, facing its gloomiest outlook since the ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(RL) Words from the (investment) wise for the week that was (Aug 4 – 10, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/10/rl-words-from-the-investment-wise-for-the-week-that-was-aug-4-%e2%80%93-10-2008/313</link>
		<comments>http://www.stockbloghub.com/2008/08/10/rl-words-from-the-investment-wise-for-the-week-that-was-aug-4-%e2%80%93-10-2008/313#comments</comments>
		<pubDate>Mon, 11 Aug 2008 02:40:11 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Textile - Apparel Clothing]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[COH]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[JNY]]></category>
		<category><![CDATA[RL]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001313/2008/08/10/rl-words-from-the-investment-wise-for-the-week-that-was-aug-4-%e2%80%93-10-2008</guid>
		<description><![CDATA[The Olympic Games kicked off at 8:08:08 pm on Friday night, the eighth day of the eighth month of 2008. Coincidence? Not at all. The number eight is considered lucky by the Chinese, because in Cantonese (the language of South China) the word for prosperity is “fa”, which sounds like “ba” (eight). Let the gains begin. Fortune also smiled upon stock markets, with the S&#38;P 500 Index scoring its first back-to-back weekly gain since April as the US dollar rallied strongly and oil and commodities plummeted. The S&#38;P 500’s gain since the low of July 15 has been 6.7%, with the Financial SPDR up by 27.8%. Hat tip: Phil’s Stock World As expected, the Federal Open Market Committee held the Fed funds target rate steady at 2.0%. This is the ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(MER) Words from the (investment) wise for the week that was (July 28 – August 3, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/03/mer-words-from-the-investment-wise-for-the-week-that-was-july-28-%e2%80%93-august-3-2008/275</link>
		<comments>http://www.stockbloghub.com/2008/08/03/mer-words-from-the-investment-wise-for-the-week-that-was-july-28-%e2%80%93-august-3-2008/275#comments</comments>
		<pubDate>Mon, 04 Aug 2008 00:40:10 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[AVP]]></category>
		<category><![CDATA[CBG]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[IP]]></category>
		<category><![CDATA[MER]]></category>
		<category><![CDATA[MWV]]></category>
		<category><![CDATA[NYX]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001275/2008/08/03/mer-words-from-the-investment-wise-for-the-week-that-was-july-28-%e2%80%93-august-3-2008</guid>
		<description><![CDATA[As oil prices seesawed through the past week, fresh uncertainty about the outlook for the beleaguered financial sector triggered another wave of volatility in financial markets. With the exception of Friday, crude prices closed each day with a gain or loss of more than 1%, with US stocks doing likewise as sentiment waxed and waned on the back of a barrage of economic and corporate earnings reports. Economic data were mixed, whereas earnings were mostly better than feared. After all the action, the S&#38;P 500 Index closed the week virtually unchanged, posting a small gain of 0.2%. David Fuller (Fullermoney) re-emphasizes that the oil price is currently by far the most important factor in terms of global GDP growth. Consequently it is also a huge influence on the direction of ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 21 – 27, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008-2/271</link>
		<comments>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008-2/271#comments</comments>
		<pubDate>Fri, 01 Aug 2008 16:00:14 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[LEI]]></category>
		<category><![CDATA[WM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001271/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008-2</guid>
		<description><![CDATA[Financial markets witnessed another roller-coaster week as renewed concerns about the global economy and the health of the financial sector surfaced, resulting in a mixed week for world stock and bond markets, an improved US dollar and continued weakness in oil and commodities. Source: Lisa Benson, Slate US stocks plummeted on Thursday after two days of gains as investors’ recent optimism was dented by renewed doubts about financials stocks, manifesting in the sector dropping 6.8% – its largest one-day decline in more than eight years. In a rare Saturday session, the US Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), reported TheStreet.com. The bill, which cleared the House on Wednesday, now ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 14 – 20, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008-2/265</link>
		<comments>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008-2/265#comments</comments>
		<pubDate>Fri, 01 Aug 2008 16:00:12 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001265/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008-2</guid>
		<description><![CDATA[The end is nigh was what many despondent investors were starting to believe as the past week kicked off with volatile trading amid concerns that US regional bank IndyMac’s demise was a harbinger of many more bank failures. Furthermore, Treasury Secretary Henry Paulson’s plan to rescue the Government Sponsored Enterprises (GSEs), Fannie Mae (FNM) and Freddie Mac (FRE), left investors unconvinced. The US government plan caused some agitation since Paulson was essentially asking for a blank check to ensure the funding backstop would be successful in helping the GSEs fulfill their role of providing financing for the US mortgage market. Debt holders were happy with the implications of the plan, but equity holders faced the possible dilution from a government purchase of the equity and/or the possibility of the equity ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 7 – 13, 2008)</title>
		<link>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-7-%e2%80%93-13-2008-2/264</link>
		<comments>http://www.stockbloghub.com/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-7-%e2%80%93-13-2008-2/264#comments</comments>
		<pubDate>Fri, 01 Aug 2008 16:00:11 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[GE]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001264/2008/08/01/fnm-words-from-the-investment-wise-for-the-week-that-was-july-7-%e2%80%93-13-2008-2</guid>
		<description><![CDATA[“Finance is the art of passing money from hand to hand until it finally disappears,” said Robert W. Sarnoff. This is certainly the way it looked last week as the fall-out of the credit crisis deepened. Markets had investors feeling dazed and confused after another roller-coaster week amid further evidence of the deteriorating health of the US financial sector and a renewed rise in oil prices. Adding to the pain, Barron’s Randall Forsyth said: “Now that the bear market has officially arrived, it may stick around and gnash its teeth for a while – until it&#8217;s scared away those who remain.” Government Sponsored Enterprises (GSEs) Fannie Mae (FNM) and Freddie Mac (FRE) were the main sources of volatility for the market, as speculation was rampant that they were destined for ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 21 – 27, 2008)</title>
		<link>http://www.stockbloghub.com/2008/07/27/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008/246</link>
		<comments>http://www.stockbloghub.com/2008/07/27/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008/246#comments</comments>
		<pubDate>Sun, 27 Jul 2008 22:40:12 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[ECB]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[LEI]]></category>
		<category><![CDATA[WM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001246/2008/07/27/fnm-words-from-the-investment-wise-for-the-week-that-was-july-21-%e2%80%93-27-2008</guid>
		<description><![CDATA[Financial markets witnessed another roller-coaster week as renewed concerns about the global economy and the health of the financial sector surfaced, resulting in a mixed week for world stock and bond markets, an improved US dollar and continued weakness in oil and commodities. Source: Lisa Benson, Slate US stocks plummeted on Thursday after two days of gains as investors’ recent optimism was dented by renewed doubts about financials stocks, manifesting in the sector dropping 6.8% – its largest one-day decline in more than eight years. In a rare Saturday session, the US Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE), reported TheStreet.com. The bill, which cleared the House on Wednesday, now ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 14 – 20, 2008)</title>
		<link>http://www.stockbloghub.com/2008/07/20/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008/223</link>
		<comments>http://www.stockbloghub.com/2008/07/20/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008/223#comments</comments>
		<pubDate>Sun, 20 Jul 2008 20:40:45 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/001223/2008/07/20/fnm-words-from-the-investment-wise-for-the-week-that-was-july-14-%e2%80%93-20-2008</guid>
		<description><![CDATA[The end is neigh was what many despondent investors were starting to believe as the past week kicked off with volatile trading amid concerns that US regional bank IndyMac’s demise was a harbinger of many more bank failures. Furthermore, Treasury Secretary Henry Paulson’s plan to rescue the Government Sponsored Enterprises (GSEs), Fannie Mae (FNM) and Freddie Mac (FRE), left investors unconvinced. The US government plan caused some agitation since Paulson was essentially asking for a blank check to ensure the funding backstop would be successful in helping the GSEs fulfill their role of providing financing for the US mortgage market. Debt holders were happy with the implications of the plan, but equity holders faced the possible dilution from a government purchase of the equity and/or the possibility of the equity ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(FNM) Words from the (investment) wise for the week that was (July 7 – 13, 2008)</title>
		<link>http://www.stockbloghub.com/2008/07/20/fnm-words-from-the-investment-wise-for-the-week-that-was-july-7-%e2%80%93-13-2008/222</link>
		<comments>http://www.stockbloghub.com/2008/07/20/fnm-words-from-the-investment-wise-for-the-week-that-was-july-7-%e2%80%93-13-2008/222#comments</comments>
		<pubDate>Sun, 20 Jul 2008 20:40:29 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[ET]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[GE]]></category>

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		<description><![CDATA[“Finance is the art of passing money from hand to hand until it finally disappears,” said Robert W. Sarnoff. This is certainly the way it looked last week as the fall-out of the credit crisis deepened. Markets had investors feeling dazed and confused after another roller-coaster week amid further evidence of the deteriorating health of the US financial sector and a renewed rise in oil prices. Adding to the pain, Barron’s Randall Forsyth said: “Now that the bear market has officially arrived, it may stick around and gnash its teeth for a while – until it&#8217;s scared away those who remain.” Government Sponsored Enterprises (GSEs) Fannie Mae (FNM) and Freddie Mac (FRE) were the main sources of volatility for the market, as speculation was rampant that they were destined for ]]></description>
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