Thursday, August 2, 2007

A Brief ABX Post

Above is the 07-2 BBB-. I would imagine a drop below 30 will spur another round of credit market panic and more lender failures.

Above is ABX 07-2 AAA... AAA down to 91 level? You've got to be kidding. This is a huge move for triple-A paper. Ignore this at you own peril.

Wall Street bulls are thanking their lucky stars LCDX has dead cat bounced in recent days, but don't expect the cheer to last much longer if ABX and CDX continue to falter.

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