mikeinalona

First Call of a Double-Dip Recession: Setting Up a Market Bottom?

Fitz919-I'm pretty sure the chart you are referring to is from Credit Suisse, It is the adjustable rate mortgage schedule, and is very scarey indeed. Here is a URL to one website using it but you can google "credit suisse mortgage reset graph" and come up with a number of other sites who are displaying the graph.

www.charlesarthur.com/...

From the sound of things the future ARMs resets are possibly even more toxic than the sub prime ARMs. I am getting in on the dead cat bounce we will be having but I will pull out before too long. I will then short the market if/when it starts going down on the next leg of the bear market. There are many catalysts which could start the next leg down, including a wave of failed banks and/or the failure of one or more of the big three auto makers. Nothing would make me happier than to be wrong on this.