Sunday, January 10, 2010

OPTION ARM's




Suggest a market crash in July-Oct 2010 and July-Oct 2011???

"It’s tough to say exactly when the storm will come. But my guess is the second half of 2010.

This second wave of foreclosures will not be good news for the economy or the stock market…At least that’s my guess."


http://dailyreckoning.com/the-second-wave-of-mortgage-defaults/


Look at what happened to stock market after the first wave peak of subprime in Oct 2007. The next wave peak of subprime, Alt A and Option ARM's are due in July-Oct 2010 and 2011.
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