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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (210734)7/16/2009 4:46:56 AM
From: RockyBalboaRespond to of 306849
 
As it appears some markets do not perform right now, After being up at the open, UK FTSE is down little a bit.
Since FAZ became undervalued by 2 points we should see them bounce a bit today.

The market unfazed by CIT? Maybe, initially, like it was unfazed on GM BK, but it is wishful thinking.



To: ggersh who wrote (210734)7/16/2009 10:30:57 AM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
First CIT sightings...

CIT bonds are all over the tape, but 30 to 35% seem to be viable here; which is a lot for a failed bank´s bond. I saw some outliers at 15% as well. Some of the bonds are stubbornly bidding 45%, 48%. Trades in most of CITs 5year bonds go through at 30%.

And yes FAZ bounced, a little, with the general market flat.


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