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S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,416.80
(
-0.75%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
79.44
(
1.11%
)
Bitcoin
66,388.57
(
0.33%
)
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techcharter

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techcharter

Re: None

Monday, 04/12/2010 5:04:59 PM

Monday, April 12, 2010 5:04:59 PM

Post# of 51820
If The FED Stopped Buying Mortgage Junk, Then...
who is buying the mortgage junk now?

The ABX.HE.AAA.06-1 index I've been following, was very behind the SPX and INDU that a negative divergence was at play, AND the trend of the ABX index leading the equity markets had ended. Then all of the sudden, the ABX index exploded to the upside. The index has continued to advance, almost to pre-crash levels, despite the FED's ceasing to buy mortgages from banks. WHO is supporting the junky mortgages despite rising yields? Looks like another bubble to me.

http://www.markit.com/en/products/data/indices/structured-finance-indices/abx/abx-prices.page?
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