Friday Outlook: Crisis Half Over?

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 |  Includes: DVY, IEF, IWM, IYR, MDY, QQQ, RSP, SPY, XHB, XLF, XLY
by: David Fry

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

harpotypesWe’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 (NYSE:UBS), Thornburg Mortgage (TMA), Carlyle, Merrill Lynch (MER), Washington Mutual (NYSE:WM) and on and on.

Yesterday I heard that Goldman Sachs (NYSE: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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