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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (7620)3/2/2007 9:35:04 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
There is an extraoridinary amount of liquidity that is drying up, which of course is the clash pattern in a credit crisis that follows a long period of credit expansion.

David Keeble of Calyon via Bloomberg says "I'm punch drunk. Implied volatility is rising across the planet, and you don't know where the market is heading. This thing can build quite slowly and then the knockout punch comes and that's what I'm afraid of. It's good for bonds though