Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DebtBomb who wrote (88815)	11/9/2007 12:55:23 PM
From: Perspective	Read Replies (1) \| Respond to of 110194

You're certainly correct about the longer term. We've barely scratched the surface here. NDX hasn't even tested the ascending wedge it broke out of months ago yet. However, markets rarely go in a straight line, so that's probably not the odds bet here. I will be patient, and look to sell my long hedge next week, hoping for a short covering rally of some duration leading into options expiration. Whatever happens, I need to undo my present short finance/long tech position, because it's way too crowded in this boat... BC

To: DebtBomb who wrote (88815)	11/9/2007 1:05:19 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 110194

Capital One, the largest independent MasterCard and Visa credit card issuer, said its net charge-off rate rose to 3.28 percent in October from the third quarter's 2.86 percent. The charge-off rate in U.S. cards rose to 5.11 percent from 4.13 percent in the same periods, while card loans at least 30 days past due rose to 4.75 percent from 4.46 percent. "While management previously indicated that the U.S. card loss rate would trend north of 5 percent in the fourth quarter, we were surprised to see how fast this jumped," Credit Suisse analyst Moshe Orenbuch wrote.