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

To: Real Man who wrote (79950)3/13/2007 10:54:16 AM
From: Tommaso  Read Replies (4) | Respond to of 110194
 
I am sure you have read how there are new "homeowners" who have failed to make the first payment due on their mortgages.

I wonder what their thought processes are. Maybe they expect FEMA to show up and get them out of their catastrophe. Or expect to win a lottery.



To: Real Man who wrote (79950)3/14/2007 11:23:25 AM
From: bart13  Read Replies (1) | Respond to of 110194
 

My sense it is, although I'm not betting the farm on it.
I'd be careful with gold here. No clue what it will do.


Fair enough, and agreed on gold. My work shows gold to be biased to the downside for a few months and then up for another run at $700+.

By the way, another TIO operation started today - a $17 billion add for 7 days with bid to cover of 2.15 (bod to cover was on the low side of the average).


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