Naïveté from a young trader....ever heard of "markets can be irrational more than you can stay solvent"?
US Government, US Treasury, Fed, and other world bankers/leaders want to prop up the market by any means necessary: "mark to market", "TARP", "stress tests", etc. They can and they will.
I'd say wait to short until mortgage resets increase again.
Why This Rally Is Unsustainable [View article]
US Government, US Treasury, Fed, and other world bankers/leaders want to prop up the market by any means necessary: "mark to market", "TARP", "stress tests", etc. They can and they will.
I'd say wait to short until mortgage resets increase again.