Bad Credit Mortgages

Daily Market Commentary for July 23, 2008 from Millennium-Traders.Com (http://www.millennium-traders.com) Quarterly losses for WaMu came in at $3.33 Billion or $6.58 per share compared to year ago profit of $830 Million or 92 cents per share. To cover bad mortgage loans, WaMu increased their reserves to more than $8 Billion. (read more (http://www.millennium-traders.com/news/newscommentary.aspx)) At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price: DOW (Dow Jones Industrial Average) gain of 31.34 points on the day to end the trading session at 11,633.84 NYSE (New York Stock Exchange) gain of 13.92 points to end the trading session at 8,580.57 NASDAQ gain of 21.92... [read full story]