Pent up demand

Subprime Write-Downs More Than 50% Done? Write-Ups Coming Next?

Tony Soprano has been all over this site pumping stocks. Yeah, a negative consensus is a buy signal - except when it isn't.

This thing has been spun from day one as a subprime problem. That is what they are feeding the masses. As freedomrenter says, who cares if they wrote the subprime down to zero. Only after the Alt-A, option-ARM, and HELOC losses been counted will I think about becoming a buyer. In the meantime I stay in cash and watch my insurance policy (commodities) pay off, and keep my powder dry.