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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (75799)6/21/2007 3:34:38 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
Message 23642772
Well, nobody has huge losses on $1T in CDOs, cause they are
"valued to models", and the bond houses are in no rush to
downgrade because WS are their best customers.
Until someone sells. -g- Then, all of a sudden, the market
discovers this junk has no value. Who wants bonds that will
not repay the principal? Meanwhile,
we can pretend all is fine, and continue painting the tape
and ask the Fed to fly some hilos. Buy the dip -g-