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To: Keith Feral who wrote (75858)	4/6/2009 5:18:37 PM
From: bluezuu	Read Replies (1) \| Respond to of 118717

Best sign for financials would be Tom Brown turning bearish. ------------------ For, as it happens, I believe July 15, 2008 will turn out to be as good a date as any to mark the end of the long, painful bear market financial stocks have endured for the past 18 months. And more to the point, it marks the beginning of the greatest financial stock bull market in our lifetime, one that will be much broader than the bull market that began in 1990. Caution! The observation above is offered to investors only. If you can’t stand the idea of seeing another, say, 20% on the downside, please stop reading at once and head back to CNBC.com. If you measure your investment horizon in weeks or months, please, for your own good and sanity, leave this site pronto. But if you understand what drives stock prices, and have an investment time horizon of at least one year, feel free to keep reading. And if you are a patient value investor, get out your highlighter and get ready to buy stocks. bankstocks.com

To: Keith Feral who wrote (75858)	4/6/2009 6:29:01 PM
From: Cogito Ergo Sum	Respond to of 118717

Tomorrow and BNN's The Close they have a special segment called Bear Attack :O) 4 Guests.

To: Keith Feral who wrote (75858)	4/7/2009 9:22:57 AM
From: Paul Kern	Read Replies (1) \| Respond to of 118717

Default Rate Surges to Highest Since Depression, Moody’s Says By John Glover April 7 (Bloomberg) -- Thirty-five companies defaulted in March, the highest number in a single month since the Great Depression, according to Moody’s Investors Service. The rate at which speculative-grade corporate borrowers worldwide failed to meet their obligations rose to 7 percent from 4.1 percent at the end of last year, Moody’s said in a report today. So far this year, 79 companies rated by Moody’s have defaulted, the New York-based ratings firm said. Almost $1.3 trillion of losses and writedowns at financial institutions worldwide, combined with the deepest economic slowdown since World War II, have weakened companies’ finances, reducing their ability to pay debt. The global default rate will peak at 14.6 percent in the final quarter of the year, Moody’s predicted, lower than last month’s 15.3 percent forecast. Defaults “will remain at an elevated rate,” the report said. The forecast for the peak rate has been reduced “in the last couple of months as high-yield bond spreads have declined moderately.” In the U.S., the default rate at the end of the first quarter was 7.4 percent, up from 4.5 percent at the end of 2008, and in Europe it jumped to 4.8 percent from 2 percent at the end of the final quarter of last year. European default forecasts remain the highest and are expected to peak at 21 percent in the fourth quarter, down from the 22.5 percent the ratings firm’s model calculated last month. To contact the reporter on this story: John Glover in London at johnglover@bloomberg.net Last Updated: April 7, 2009 07:32 EDT