Quote:
Originally Posted by teomaxxx
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.
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and here is great example of deleveraging I was talking about
:
"Banks face "systemic margin call," $325 billion hit: JPM
Saturday March 8, 9:24 am ET
By Walden Siew
NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co (NYSE:JPM - News), said in a report late on Friday."
http://biz.yahoo.com/rb/080308/walls..._jpm.html?.v=1
the gates of hell are just opening....