Stock market melt-up? One of five things to watch March 30.
Stock market has done the opposite of a melt-down this quarter, despite crises in Egypt, Libya, and Japan. Without gains in just two sectors, however, the stock market would be far less buoyant.
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4. Foreclosure Face-Off: Officials from five major banks -- Bank of America, JP Morgan Chase,Wells Fargo, Citi and Ally Financial -- will meet for the first time with state Attorneys General and three U.S. agencies to discuss efforts to get banks to cut the amounts owed by some borrowers facing foreclosure. This will be the first time all five banks and the Attorneys General have sat down together to discuss this matter, though further details of the meeting are super-secretive. We wouldn't call them the five families, but the meeting could settle all family business, as it were.
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5. Chez Gaddafi: A remarkable subtext of the wave of revolution has been the string of revelations about the trail of money surrounding the likes of ousted Egyptian Leader Hosni Mubarak and embattled Libyan leader Muammar Gaddafi.... and one more story we can't forget: the FDA chemist charged Tuesday with insider trading. There are serious lessons and punchlines galore, but our focus is simple. If you're gonna commit a crime, at least try to be subtle about it. 27 times, really? On your work computer?
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