"Check out the ABX index for subprime and LCDX index for leveraged loans. Both are up in value since C closed the books on March 31. "
They are up only by a small fraction 6-7% in only a single tranch (topmost quality credit). All other tranches are following their trendlines - straight to 0. The tranche that is slightly up should resume its normal course in the same direction as the others.
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"Check out the ABX index for subprime and LCDX index for leveraged loans. Both are up in value since C closed the books on March 31.
Apr 21 16:54 pm
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All Comments by nonsumdignus »What Is Citi Stock Worth? [View article]
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They are up only by a small fraction 6-7% in only a single tranch (topmost quality credit). All other tranches are following their trendlines - straight to 0. The tranche that is slightly up should resume its normal course in the same direction as the others.
Bulls are those on the slope of hope, it seems.
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