guys wait a few weeks with buying of any stocks, debt markets are locking up because of uncertanity in whole AAA rating bullshit game, there is some serious deleverage going now and it could bring a nasty action in all equities in few weeks. At least thats how it always worked in history.
the resolution for following quote is going to happen soon and for sure equities will get ass raped in the process, despite some of them are totally different game.
Quote:
Originally Posted by teomaxxx
""America's biggest mortgage bond insurers collectively need a $200 billion (Ł101 billion) capital injection if they are to maintain their key AAA credit ratings, a figure that dwarfs a plan by New York regulators to put together a capital infusion of up to $15 billion, a leading ratings expert said yesterday."
and
""Banks worldwide may need to raise as much as $143 billion of additional reserves to satisfy regulators if bond insurer rating cuts trigger downgrades for the securities they guarantee, Barclays Capital analysts said.""
and:
"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big."
I strongly suggest to adjust your portfolios, since there are still a lot of money to be made by playing short scenario  |