Signs of a Very Sick Stock Market

Stock-Markets / Stock Markets 2010
Jul 09, 2010 - 07:16 AM

By: Steve_Betts

"The very existence of the state demands that there be some privileged class vitally interested in maintaining that existence. And it is precisely the group interests of that class that are called patriotism." --- Mikhail Bakunin, Russian anarchist

The world is rejoicing with the good news this morning as claims for unemployment benefits took an unexpected drop. This completely overshadowed the fact that the nationwide foreclosure rate is 3.2 percent, meaning that more than 12 percent of mortgages are now delinquent or in foreclosure. Florida and Nevada lead the nation in non-current mortgage loans, with 22.4 percent and 21.8 percent respectively. Additionally, the number of delinquent loans that are “curedâ€