I am speaking relative to USA here in regards to the data.
Look at all those CDS up until 2014 betting that that reference security behind it would go into default.
Who has gained the most from the massive defaults in mortgage loans? Who were the parties that purchased these CDSs but had...
Here is some CDS data.
Week ending: 2010-01-29
Term Date Gross Notional Contracts
2010 1,742,288,036,441 234,074
2011 1,896,398,921,679 257,526
2012 3,016,463,113,673...
and figure out why year 2000 price levels are relevant, all to do with Credit Default Swaps. Even housing prices mean-revert and we are not done reverting yet.
Go study the credit default swaps data and figure out why it will take until 2014 for real estate to bottom. Anyone buying now is silly and media brainwashed.
01-11-10 08:32 PM
Heads up, this is what happened to google once. Trade was busted and then down the road it traded right to the same low of the spike.
remember that spike down a while back..
lurefo, i only risk 1% profit 3%+, use options along with futures.
get ready for 1085.