The recent attempt to buy bad mortgages seems a bold move that has rejuvenated the market. While I pray that the American govt. has the capacity to sustain the weight of these mortgages till the housing market turns upward, I am skeptical. I am skeptical as I would be when a stock reverse-splits only to loose all the gains in the ensuing weeks. Atleast it gives a chance to redeem for those who are deep into these financial companies. I hear sell and buy gold.
Disclaimer : I know nothing about finance.