The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who wrote (48054)	12/23/2005 9:33:43 AM
From: Ramsey Su	Read Replies (1) of 110194

Revisiting GREBB Day events. Message 21954363 Release of the agency guidelines is the most concrete event that definitely happened. Were the guidelines as expected? I would say yes. It addressed every single issue that I can think of: underwriting, LTV, flippers, 80-20s, payment shock, deceptive advertising etc etc. The reaction is staggering. Subprime lenders led by LEND which closed at 48.5 on Dec 19 (day before guidelines released) to 51.37 yesterday, a 5.9% jump in 3 days. We also had report this week of a reasonably active player in this arena in trouble, FBR. So they screwed up on a strategy and will take a $185 million hit as a result. The reaction is FBR went up 1.2% on that news. We know the credit card minimum payment issue is forthcoming. No problem. finance.yahoo.com At this pace, GREBB Day is shaping up to be the most bullish indicator for 2006? <ggggg>

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