Beverly Hills Real Estate blog Friday 9-26-08

By
Real Estate Agent with Nourmand & Associates

The Beverly Hills Real Estate blog

Good morning Friday the 26th already/ Sunny and warm once again in the Southland.

Tomorrow we'll post the open house guide for you.

 The big news is the bailout. Wall Street is waiting, as America, news from Washington.  Here's what we think:  An agreement will be made and "Washington" will save the day.

For those opposed to the bailout concessions will be made.  Right now the world awaits the drama to be played out.

 Here's what's being printed today.

 US STOCKS-Wall St set to slide on bank bailout woes

* Stalled U.S. rescue plan fuels investor unease

* Congressional leaders aim for deal by weekend

* Regulators complete biggest U.S. bank takeover

* GDP data revised down, adding to negative tone

 Stocks slide on stalled bailout, WaMu collapse

Friday September 26, 9:41 am ET

NEW YORK (Reuters) - Stocks dropped at the open on Friday after congressional talks on a $700 billion financial sector bailout stalled and authorities seized the largest U.S. thrift, heightening worries about the fallout from the credit crisis.

The Dow Jones industrial average (DJI:^DJI - News) was down 126.80 points, or 1.15 percent, at 10,895.26. The Standard & Poor's 500 Index (^SPX - News) was down 18.36 points, or 1.52 percent, at 1,190.82. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 47.03 points, or 2.15 percent, at 2,139.54.

 And so on...

 Those are the headlines...

 We believe this will be resolved today.  Stay tuned!  Tomorrow we'll see how our prediction went.  Real Estate needs?  www.patandmelody.com

 Have a great day!  Keep the faith.

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