I hate to say it, but I have been talking about this for almost a year now. According to the Wall Street Journal, in 2008 $362 billion worth of adjustable-rate subprime mortgages [ARMs] will be reset, "a scenario that could significantly worsen the already serious subprime crisis", according to a report in Saturday's Wall Street Journal.
Fred Fuld at Stockerblog.com came up with 13 stocks, in one of the fastest growing economies in the world, that you need to invest in or at least diversify your portfolio with these stocks. This list of stocks are all trading in the country of Turkey (not Thanksgiving picks), and mostly Pink Sheets in the US.
John Thain, CEO of NYSE Euronext, has agreed to take the top post at brokerage house Merrill Lynch & Co., according to a person familiar with the matter.
The move is somewhat unexpected as many insiders on Wall Street were speculating Merrill Lynch's board would tap BlackRock Inc. CEO Larry Fink.