http://finance.yahoo.com/news/zombie-ec ... 43304.html"After a surprisingly good performance in the third quarter, the thinking is the stock market is ready to pull back, especially after a few choppy sessions and a new batch of data that should continue to show a slow-moving, 'zombie like' economy."
http://finance.yahoo.com/news/housing-a ... 09591.html"A short sale is debt forgiveness. Debt forgiveness is taxable. In order to help the huge volume of troubled borrowers and promote more short sales, Congress in 2007 passed the "Mortgage Forgiveness Debt Relief Act and Debt Cancellation." The debt forgiveness from a short sale or a mortgage principal reduction would no longer be taxable. That act is part of many Bush era tax cuts that expire at the end of this year. Without an extension, short sales would grind to a halt, as might mortgage modifications that involve principal reduction."
http://finance.yahoo.com/blogs/breakout ... 44971.html"He believes investors have had a false sense of optimism that Europe will work itself out, the economy will improve, and fiscal policy gridlock will break. This complacency is ready to snap and the stability of Europe could be that breaking point. To Parker and the Morgan Stanley team, the first signs of market stress will be seen in currencies."
http://finance.yahoo.com/news/third-qua ... 00435.html"Look Beyond Quarterly Gains
Although stocks cheered the economic developments in the quarter, the economy is far from out of the woods. In the U.S., the economy continues to grow below trend, the job market is far from healed, and the fiscal cliff looms in the distance. Europe is in a recession and will need to avoid any number of potential hiccups to make its rescue plans a reality. The future of Chinese growth remains an open question as the country enters its once-a-decade leadership change. Given that equities look fully valued, as well as the potential for speed bumps in the coming months, investors should be prepared for the possibility of a rough road ahead."
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