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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (108468)3/8/2008 12:41:45 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>> Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (NYSE:JPM - News), said in a report late on Friday.<<

This is why I always check the newsticker late Friday or look back over the weekend. They always try to hide the cockroaches then.....

And this is JPM saying this, not me, or Fleck, or Peter Schiff, or David Tice or Russ Winter! Whatever it means it's sure as hell a long way from bullish.....
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