Wednesday July 27th

Porsche announces four-door car Panamera will be introduced in 2009 and will feature coupe-like design.

The bullish economic news released this morning had the greatest impact on the bond market. This afternoon's Treasury auction was relatively successful but prices continued to lose ground as the Fed's Beige Book met expectations that it would present a generally upbeat economic picture. The stock market rose on the economic data. In late trading, the 10-Year Treasury Note was down by 7/32, raising its yield to 4.25%; the Dow was up by 57.32 points to 10,637.09; and the Nasdaq was up by 10.23 points to 2,186.22.
Amazon Gained $5.91 today ,GOOGLE gained $0.84,InfoSpace dropped huge by -$10.58

Time to quit your job?
The signs are not as obvious as they may seem. Ignore them, and you could find yourself in worse shape.

E-mail is for old people,
E-mail is for grown-ups and U.S. teenagers now prefer instant messaging to communicate with each other online, according to a survey released Wednesday.


Mortgage applications decline (Look how unlucky I am !! )
Even though long-term interest rates are steady, refinancing activity dropped sharply, MBA says.The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity fell 5.8 percent to 754.3 in the week ending July 22, more than offsetting the previous week's 1.2 percent gain.
The MBA's seasonally adjusted index of refinancing applications dropped 11.4 percent to 2,320.3 after rising 2.5 percent the prior week.
The MBA's purchase index, a gauge of loan requests for home purchases, declined 0.7 percent to 485.1, its third straight weekly drop. It fell 0.1 percent in the week ending July 15, following a 6.1 percent drop in the first week of the month.
Fixed 30-year mortgage rates averaged 5.72 percent last week, excluding fees, unchanged from the previous week.

Sales of New Homes Hit Record Level, Durable Good Orders Rise; Economic Activity Expands