Re: Fed Rate Cut Discussion Thread
[ QUOTE ]
[ QUOTE ]
The market was undervalued at 13900+, its on its way back and is going to surge. The whole sub-prime/credit thing is being blown way out of proportion.
[/ QUOTE ]
Also sub prime may only be the tip of the iceberg as far as consumer defaults are concerned ARM resets will be revealing + no one knows who owes what to who in the Banking system.
[/ QUOTE ]
I remain convinced that jumbo Alt-A's are the worst of the loans.
J
|