Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (87771)	6/6/2009 10:10:05 PM
From: Peace	Read Replies (1) of 94695

Not disputing a correction but I strongly disagree with your credit event forecast. The GM bankruptcy was well anticipated. The debt was trading accordingly and the CDSs have likely been marked/reserved accordingly. No surprises here. Certainly would not be the catalyst for any big correction. Likely scenario is another shallow pullback and a rally in to June quarter end. <g>

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