Released on = August 27, 2007, 1:45 am

Press Release Author = Cordieliea Anne Shirley

Industry = Financial

Press Release Summary = The Week Ahead: The mortgage industry finally received some
reprieve last week when the Bank of America invested 2 billion dollars into the
ailing mortgage lender Countrywide Financial.

Press Release Body = BetOnMarkets.com Commentary from 27th - 31th August 2007.

The Week Ahead: The mortgage industry finally received some reprieve last week when
the Bank of America invested 2 billion dollars into the ailing mortgage lender
Countrywide Financial.

Although this caused some upbeat momentum, it was short lived, as credit worries
still continue to plague the market. On August 17th the Fed Bank cut its lending
rate by .50bp, which resulted in the market jumping 230 points on the Dow Jones.

The stock market had some follow through this week, closing up or flat, for the
first three days. However it seems like the moment there is any hint of credit
crunch; the market gives back all gains. There is major speculation that unless the
FOMC doesn\'t cut rates, then as soon as the next major set of bad news comes around,
the market will potentially give back everything they gained from the fed cut and
then some.

Next week we are going to get a sneak peak into the consumer\'s financial health.
With consumer spending data being released, The Consumer Confidence report is on
Tuesday and Personal Spending and Personal Income on Friday.

Both reports could possibly be market moving, as the market has been focusing its
spotlight of attention on the credit of consumers. Also on Monday there is existing
home sales figures, which with the credit market drying up, would probably be down.
With little possibility of good news the outlook for the near future seems to be
Bearish-Neutral.

A no touch play on the SP500 to the upside with 100 pts from the spot with a 20 day
duration returns an 11% ROI.

Web Site = http://www.betonmarkets.com

Contact Details = The Regent Markets Group
cordieliea@gmail.com