In his latest blog entry, market strategist Richard Suttmeier talks about the new Fannie and Freddie initiative, Home for the Holidays; problems in commercial real estate; a pause from Bank Failure Fridays; the daily charts for gold, crude oil, and the euro; and the weekly chart for the Dow.
'If you have a Fannie Mae or Freddie Mac backed home mortgage and face foreclosure or eviction, you can stay home for the holidays at least through January 3rd. If you have a Citigroup mortgage and are in default, you will get a 30-day suspension from foreclosure and eviction. This affects around 4,000 struggling homeowners...'
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES:
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