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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (9389)	5/9/2008 3:42:57 PM
From: John Pitera	Respond to of 33421

That my man Falcon... we're not afraid to be forecasting tops into run away bull markets -g- My old Trading buddy Tom Wallace who was a bond trader over at Bankers Trust in the 1980's, was fond of saying Hubris is the Fall of Man Everyday the top headline on Drudge is the New High Price in Crude.... every bloody day this week. I've never seen drudge ever focus such intensity on a day to day new high. Now of course crude is making gasoline running higher and that slaps everybody silly every time they go to fill up..... I just visited an old Memorial High School Buddy who works for www.Iwayloan.com.... He's still there along with another guy sitting next to him in an office space that could hold a few more people. But business is still there for those who have survived. As a matter of fact, my Good friend Brian Severin tells me him can still get you 95% LTV. He also has a heads up that funding costs, (your interest rate) are going to be going up after May 31 for those who have medium credit. If anyone needs a quote he can be trusted, and is a good guy. I was going to him to try to get a couple of clients unsecured business second liens last fall .... NO luck with that. anyway his name is Brian Severin iwayloan.com , he is receptive to emails and calls. his work 713-821-9783 bseverin@iwayloan.com (I am receiving nothing in return for mentioning him, just a spur of the moment thought, he's a good guy and knows his field) I see that AIG was banged up today down to a new multiyear low, as a matter of fact it's @ 40.57 a buck below it's early 2003, one has to go back a solid decade to 1998 to see prices this low in AIG. nasty little things those credit default swaps. and at least Fitch calls Swiss Re's Rating Stable today: MUMBAI (Thomson Financial) - Fitch Ratings said it affirmed its ratings on Swiss Reinsurance Company and its subsidiaries, collectively Swiss Re, including the issuer default and insurance financial strength ratings at 'AA-'. The outlook on the ratings is stable. Fitch said the ratings reflect Swiss Re's strong competitive positions and market shares in a variety of life and non-life re-insurance lines, diverse sources of revenues and earnings, large absolute earnings and capital base. The ratings also factor in Swiss Re's earnings and, to a lesser extent, its capital, which remain exposed to mark-to-market, and ultimately to economic losses in the company's credit-default swap (CDS) portfolio, Fitch said. TFN.newsdesk@thomson.com