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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (28334)	10/1/2007 10:17:51 AM
From: pcyhuang	Respond to of 78465

re: Mortgage Market Speculatius: >Only the tranches better than A have recovered anything below pretty much trades at or near the lows. The improvements of the mortgage market has much improved since the end of June till now is the difference in liquidity in the mortgage market. At the end of June, a lender would find it difficult to liquidate almost any position, but now the liquidity in many series have come back. The following chart, I believe, can be used to illustrate how much the high-yield bond market has rallied since the late-June to July period. Source: quicktakespro.com Moreover, Etrade, unlike many online brokers, has a banking subidiary. So it has access to the Federal Home Loan Bank for emergency funding in case of needs. pcyhuang