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uncle_chubbie

03/12/07 10:16 PM

#100868 RE: uncle_chubbie #100867

Almost every single talking head I hear on CNBC has been saying the same thing, "we MIGHT have to restest the bottom".Personally I don't think a retest will be right, i think we break right through if we go down again, all the way to 1242 SPX. Goldman should be ok tomorrow, the thing to watch for tomorrow is, if Goldman is good will they continue to buy the markets after the first half hour or will exogenous factors (yen) take over. (JMHO) CHUBBIE
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jdaasoc

03/12/07 10:24 PM

#100869 RE: uncle_chubbie #100867

I think it is ironic that the big broker dealers get to paraphrase Captain Renault in Casablanca
I'm shocked, shocked to find that fibbing on your mortgage app is going on in here!

Everybody out at once!


It basically shuts down the existing sub prime market and jacks the rates to double digits