Friday Outlook: Crisis Half Over?

It’s probably just as well I didn’t post yesterday given that it was chalked-up as a day full of nonsense.

We’d be one of many hundreds to post something negative about the AMBAC/CNBC charade so why bother? There were plenty of other companies with problems that dominated tape action from UBS (UBS), Thornburg Mortgage (TMA), Carlyle, Merrill Lynch (MER), Washington Mutual (WM) and on and on.

Yesterday I heard that Goldman Sachs (GS) was asserting that the subprime/credit crunch problem was half over. That’s the good news I guess. The bad news is, well, the subprime/credit crunch problem is only half over.

It may have been a 10/90 day in volume and breadth but we won’t know this for a while yet.













































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Comments

[Alpha Seeker]

See if you can add another 27 charts here because I need to practice scrolling down on my mouse. Good job though.
Wallastoninvestments.c...

[dukeb]

Mr. Fry:

Especially when compared to wading through the usual pools of market opinion puke, scrolling through your chart & blurb format is a treat. (Enlightening and often amusing, too.) Your posts have been my morning's first read for quite some time, and of late, the only reason why I return to Seeking Alpha.

Thanks for sharing your unique perspective.

[DougM]

Your Dave's Daily is a must-read for me every afternoon. Love the insights, and love your style. Don't change a thing!

[David Fry]

Thanks for your kind comments everyone!