Going down, down, down... and it's not just BBB- junk, even the AAA's got slammed dunked today. Triple A sliding to 95 today. 
Triple B- slumped down to 45-cents on the dollar (really in the dead zone)...
When will the cracks in the RMBS arena matter to Wall Street and not only matter, but cause trouble for the market as a whole? I don't know. It has been suggested by some that today's decline in ABX may be a sign of someone having to liquidate, it will be interesting to see if that's true and who it is. I am going to be working the phones tomorrow to find out more.
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