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

To: regli who wrote (85199)	8/16/2007 3:57:08 PM
From: GST	Read Replies (2) \| Respond to of 110194

The liquidity crunch is global -- watching the yen last night was startling. If you were the one trying to prevent a 'plunge' as distinct from an 'orderly' decline, what would you do? To me the fingerprints were all over this market as it 'recovered'. I see no reason, nor any ability for global markets to do anything but go down for a while yet. Individual investors will be getting margin calls right about now, combined with massive yen short covering and calls against hedge funds. All this against a backdrop where the future looks even worse as ARMS reset and the housing market grinds to a halt.