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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (25457)1/28/2005 12:49:10 PM
From: John Vosilla  Read Replies (1) of 110194
 
Mish what do you see as the true leading indicator that this is happening soon? Just looked at the charts of Citigroup, Bank America, Countrywide, MBNA and Capital One. No breakdown visibile yet, all are much higher than prices 6 months ago and all are above the 200 day moving average. On a regional level I see pockets of weakness with a few midwest banks as well as a regional homebuilder like DHOM.

Then how come that most financial companies have been reporting improving credit quality of consumers.

<1) skip-a-pay
2) HELOCs
3) cash out refis
4) lower minimum pays
5) extended credit
6) Things always look good at the top ggg>
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