RomanFinancial

The State of Financial Markets and U.S. Dollar in 2009, Part I

This was quite the comprehensive piece here. Pharms will probably get love from institutional investors around March-April. Earnings releases were decent for Q4, but they still have significant write-offs. The banking system has definitely contracted to a level appropriate. Additionally, 09 will see a lot of debt unloaded from 08 and thus a forced credit expansion. However, Feb will be the worst month so far which we'll see through the lenses of SRS as commercial space unoccupied will lower the value of REITS even further. Additionally, bank write-offs due to unsecured lending on commercial RE will drop pushing Q1 09 write-offs to it's peak...