Credit Woes, YHOO & GOOG Earnings

The housing and credit issues are once again on the plate of the Wall Street market. We see that although we have received recent band-aids such as a drop in interest rates, some things will just need TIME to work themselves out. The FED will show their card on the 30th of Oct. and we will see if another drop in rates is due our way.

On the other hand YHOO and GOOG are set to report this week. As for YHOO is went up to around $28 and is now retreating with the market. GOOG made a recent run up to the $620's but has also eased off. Some analysts have a $700 target but with the recent move to the upside, earnings will have to be HUGE to move this puppy past that mark again for now with the market retreating. I just dont know what else they can say at this moment.

Another day on the Street. Gotta love the unpredictability! Till next time.