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Without US financials coming back, we won't see any reason to buy oil and commodity stocks. Demand destruction will continue to grow. While foreclosures may be at high rates, loans entering the default process (30-90 days late) are starting to slow down. The hysteria over foreclosures seems to be overblown. New loans aren't entering the process so if anything things are getting better and not worse as the general media seems to act. I've yet to see any facts proving that new foreclosures will get worst and exceed the reserves already taken by banks.
Aug 20 15:53 pm
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All Comments by Stone Fox Capital »Waiting for Financials' Other Shoe to Drop [View article]