Subprime crisis over. Or not.

Some Bloomberg headlines today seem a little contradictory to me.

U.S. Stocks Rise on Rate-Cut Speculation After Dodd Comments

By Eric Martin

Aug. 21 (Bloomberg) -- U.S. stocks rebounded for a fourth day on speculation the Federal Reserve will manage to defuse the crisis in credit markets, reviving a record pace of takeovers.

This rosy scenario is accompanied by the following two headlines which have a somewhat more dour message.

Fitch to Review $92.1 Billion of Subprime Securities

Home Foreclosures Almost Double in July as Rates Rise (Update3)