Monday, August 20, 2007

Counter Trend?

Looks like we've got all the makings of a rally here... one that will eventually fade to red but may as well wait before establishing new short positions...

Over $2 trillion i mortgage resets are coming down the line.

Countrywide and TMA can jump a buck today; just means a bigger fall when reality sets in once again.

This is a zombie market now. It may appear to be alive, but no, it's dead.

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