second wave of mortgage failure coming---60 minutes last night---some hedge fund dude talking about two other types of mortgages resetting over the next three years---said his firm is long on the stock market ????? Because it's forward leaning--thinks it's already priced in---I won't go that far. He thinks we are less than 1/2 through.
If obama pushes his broadband policy the optical sector will move sooner than later. I think BKHM is going to merge with someone.
That was a good piece - here it is
[YOUTUBE] <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/iUuROWEMjm0&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/iUuROWEMjm0&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>[/YOUTUBE]
I don't think this is going to be as bad as this piece describes. The fed is doing everything in its power to stop foreclosures and bring down mortgage rates. Hell, pretty soon they might dip below %5. AND THERE AINT NO WAY ANYONE IS GONNA LOSE THEIR HOUSE WHEN BARRY IS PREZ.
So, even though this guy makes a great point, what they never talk about is intervention. Which we know is going to take place...