Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: sandeep who wrote (80471)	7/13/2008 1:55:52 PM
From: Real Man	Read Replies (1) of 94695

No, because it's the market marking AAA-s to where they belong with this level of defaults - junk. They were "marked" too high during the credit bubble. The stock market too was running on drugs, and still is, completely disconnected from the reality of the credit bubble burst. If it is "marked to market", we'll see a BK. Then there is the dollar, that has been gradually marked to market over the years, but the foreigners were buying all this time, not selling. Then there are the treasuries at 2-4% yield with massive government debt that will never be paid, waiting to be "marked to market" - the reality that 70 Trillions in entitlements will never be paid - in today's dollars, that is. <GGG>

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