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: CalculatedRisk who wrote (69484)	9/7/2006 8:34:07 PM
From: YanivBA	Read Replies (3) of 110194

Sure. I am not calling for a change of trend. If I was I would buy. Just a painful correction. And not even that. This is just a heads up. The problems of the real estate have become common knowledge. There would be plenty of traders that think it is all factored into the price. I also want to note that the Business Week article indicates a general assumption that the financial sector is safe. This is somewhat bearish for them. Quoting: most of the pain will be borne by ordinary people, not the lenders, brokers, or financiers who created the problem. … Yet the banking system has insulated itself reasonably well from the thousands of personal catastrophes to come. … Even the loans that blow up can be hidden with fancy bookkeeping. David Hendler of New York-based CreditSights, a bond research shop, predicts that banks in coming quarters will increasingly move weak loans into so-called held-for-sale accounts. There the loans will sit, sequestered from the rest of the portfolio, until they're sold to collection agencies or to investors. What what and what? Message 22790633 YanivBA.

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