SPDR S&P 500 (SPY): Foot, I figure you'd be able to substant...

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learningboutinv

Re: Footquarters post# 23115

Tuesday, 08/21/2007 8:27:41 AM

Tuesday, August 21, 2007 8:27:41 AM

Foot, I figure you'd be able to substantiate how many loans are Alt-a/Subprime. I think CNBC said it was less than 10% of total loans. Some guy on another board posted this chart of the BKX. It has a positive macd, but is still under the 50/200. I don't know if I'd buy any banking or the bkx index unless we went above the 200ma. Do you really see a big contagion/over blown situation/snowball effect or financial crisis?

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