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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (45254)	11/10/2005 2:25:34 PM
From: mishedlo	Respond to of 110194

Investors Warned by JPM globaleconomicanalysis.blogspot.com Mish

To: russwinter who wrote (45254)	11/10/2005 3:08:15 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

A little more digging and this is what I found on the subprimes. biz.yahoo.com go to the very bottom table and you will find that 76% of NFI's loans are the 2/28s and over 50% have weight FICO avg of 611. For the Three Months Ended 9/30/05 ------------------------------------- Weighted Weighted Weighted Percent Average Average Average of Coupon LTV FICO Total ---------- --------- --------- ------ Summary by Credit Grade 660 and above 6.98% 82.6% 701 33% 620 to 659 7.32% 82.2% 640 25% 580 to 619 7.65% 81.6% 600 21% 540 to 579 8.20% 80.4% 559 14% 539 and below 8.73% 77.6% 528 7% ------- 7.50% 81.6% 632 100% ======= ======== ======= ======== Summary by Program Type 2-Year Fixed 7.79% 82.4% 611 54% 2-Year Fixed IO 6.90% 81.7% 661 22% 3-Year Fixed 7.26% 77.7% 619 1% 3-Year Fixed IO 6.72% 79.8% 663 1% 5-Year Fixed 7.04% 77.9% 659 0% 5-Year Fixed IO 6.63% 76.9% 672 0% 15-Year Fixed 7.80% 74.3% 649 2% 30-Year Fixed 7.09% 75.5% 642 13% 30-Year Fixed IO 6.69% 76.9% 663 1% Other Products 9.81% 94.3% 669 5% MTA 1.71% 77.4% 706 1% ------- 7.50% 81.6% 632 100% ======== ======== ======= ======= Weighted Average Coupon Excluding MTA 7.57% ========

To: russwinter who wrote (45254)	11/11/2005 11:19:20 AM
From: High-Tech East	Read Replies (3) \| Respond to of 110194

A question to one and all ... I have often wondered about this, but never have come up with an answer. The S&P futures, like any futures contact I suppose, fluctuates up and down based on supply (asks) and demand (bids) for the contract itself and not the individual stocks in the index. In the case of the SP futures, how does the supply and demand for the December futures contract get so closely tracked by the underlying actual stocks in the SPX minute-to-minute? Do you know where I can read about this without getting lost in long mathematical formulas? I just want to understand it, not become an expert. I have traded SP futures for years, but never really understood this. Thanks in advance. Ken Wilson