Subprime
My hectic work schedule has coincided with the fast demise of the subprime market so posting has been nonexistent as the subprime market unraveled. I don't have much to add to what has already been written in various publications. It's funny that more people did not see this coming. The stock market's reaction has been surprising. One would think that poor lending practices would have been priced into the market. Maybe the scare is behind us as the market is 350 points from its high and subprime lenders are able to sell assets to raise cash. Smart money is searching for value.