Fed Rate Cut Discussion Thread

[jaydub]

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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.

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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.


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I remain convinced that jumbo Alt-A's are the worst of the loans.

J