Wall Street Stocks Manage Gains

Have you noticed that every day there is a big worry about people losing their homes? I guess everyone else is too because Wall Street managed a moderate gain in an erratic session Wednesday as investors sorted through a downbeat Federal reserve assessment of the economy. Investors remain nervous about how the fallout from the global credit crisis will hurt financial companies. Recent speculation that Citi-group Inc. might log significant write-downs from exposure to subprime mortgage related securities only increased those fears. We are fortunate in this area that housing sales are going fairly well, much building of new homes is going on and people have good jobs and as far as I know, no one is in danger of losing their home in this area. We are thankful for that.