The Stock Market was up Thursday but why? Many speculated the G20 conference proposal for heavier global bank regulation helped the market. What maybe the postive market trigger last Thursday was the FASB accounting rule change on how financial institutions value their assets. What does this have to do with the Fort Mill home market? Hold on let me explain.

Thursday FASB (Financial Accounting Standards Board) changed the market to market accounting rule that allows banks and other financial institutions more leeway on setting the value of their assets rather than valuing the assets at current market prices.  The market seemed to like this news.

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