Just been in blogger hell. Spent half an hour writing a post and then lost it ! Aaaagh!
DOW has just moved sharply up on good house sales data. FTSE now up 20.
Back in the UK we have our own subprime problems. Shares in subprime lender Kensington slumped 16% after it isued a profit-warning for next year as a result of increasing competition. CEO John Maltby has resigned with immediate effect. (But don't worry he probably has a nice platinum parachute lined up).
Kensington specialises in lending to people who can't get a mortgage anywhere else . There are takeover rumours, but in the present climate I can't see them getting a 'premium price'.
Over on the ADVFN BB 'roverisback' predicted just such a scenario back on 13th March so well done Rover.
Partygaming (PRTY) has suddenly gone potty - up 14% at one point - rumours abound.
YELL is creeping up slowly - could do with some more rumours please.
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