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

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To: Wyätt Gwyön who wrote (82042)5/29/2007 10:03:57 PM
From: orkrious  Read Replies (1) of 110194
 
from tonight's Fleck:

fleckensteincapital.com

Finally, an update regarding the dark-matter universe. It comes from my friend in London who late last year/early this winter did such a fine job of alerting us all to the problems in that arena. He notes that on Friday, there was a "re"-weakening in the ABX index, specifically the lowest tranches, and that today saw decent demand for credit default swaps for the 2007 BBB tranche. That there should be problems in the dark-matter universe is not surprising, but for the last couple months, it's been rather quiet. I bring this up because it could be a precursor to trouble once again.
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