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Economic roundup doesn't bode well for markets

Thu Jun 7, 2007 04:06PM | By Tony

See more in Economy | Permalink | Email | Comments (0)

With 10-Year Treasury yield finishing over 5 percent today, the mortgage interest rates will get higher, and the housing market looks very bleak, at least for the summer.

Dow lost 410 points in last 3 days but at 13,266, still has a way to go down. Close those margin accounts if you still can.

Oil price rises to $67 a barrel on supply worries, but the real reason may be another Middle East war in the making, between Turkey and Iraqi Kurds.

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