subprime fear

[DZ]

on cnbc last night an analyst pointed out that the total market exposure to subprime is only $30 billion but the market has shed off $11 trillion in value, thats one hell of an over reaction. Meanwhile the uk housing market is growing at 12%. We are slaves to the yanks, no doubt about it.

[CHATTYCHAT]

BUT, the Yanks did not ask any one to invest in the subprime packages. Still - an opinion has been aired that SA banks will not lose too much in this exercise. We are much more prone to our own indiscretions.

[Preston]

ABSA has got the biggest Homeloan book. So it that happen , Barlay will have to change ABSA slogan.

[#4]

Damn right look how the market collapsed again because of U.S.Unbelievable.....

[DZ]

oh well... here we go again. it's funny the last two corrections I was caught up in the fear and lost. This time I thought, "Im not falling into that trap again." But this is really testing my resolve.

[#6]

A very good article from Warwick Lucas on the cause of this sh!t. http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-1522_2164429

[org]

The whole bull market i s built on debt.see www.gold-eagle.com at the technical analysis part, or mahendraprophecy.com.You will find amazing stuff there.