Hey Carl, as you can see, I don't know a darn thing about RMBS, just looking for some technical bounce back in 7s.
If 7 break then it will likely go down to low 5s. I'm hoping 7 to be rock bottom in mid term...
I do have long term holding in retirement accounts but basically I'm only a short term trader (less than 3 months holding).
Don't you think the long term investors usually look beyond 3 quarters of earnings though? Like few years in the future?
Besides, I don't think no one really cares about P/E anymore <GG>
What do you think the chance of RMBS go bankrupt in next 3 years? (10%? 50%?,,,,)
As I read more of your posts, I am getting gloomier and feel this might be another GSTRF: great idea, great technology, but not able to execute economically to attract the customers. (If you keep at it, you'll might be able to convert me from long to shortie ;o)
I am betting that RMBS will not sink like this.
Let's hope those vicious RMBS attornies will come up with something soon.
Rgds,
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