yozonetrader

Why Yesterday's Optimism Wasn't Warranted

Well, you're definitely part of the "lunatic fringe". What you're not taking into consideration is that during the coming months/years, every effort will be made to refinance all those teasers before or as they reset. The financial companies and the government don't want foreclosures or losses. So lots of hoops will be jumped through to protect everyone, including the stock market.