Gambling around the FED is probably not the smartest thing to do but for some reason I thought I had this one pegged and for once I was right...I think we will see a powerful rally these next few trading sessions...but I'll wait it out it out on the sidelines for now...jfg.
We'll sit here and talk of bottoms...until the financials find some buyers there is no bottom in tech...no bottom...there are investment houses getting buried in the MER's, the BSC's and the C's...they have profits in the NDX...and they will take them...until there is nothing left...they will take them...jfg.
News of the possible sale came a day after Countrywide disclosed that 7.2 percent of the loans in its servicing portfolio were delinquent last month, up from 4.6 percent in December 2006. Foreclosures also more than doubled last month, to 1.44 percent of unpaid principal balances versus 0.70 percent in December 2006.
