Bottomless pit BOTTOM is here. As noted markets were discussing soft/hard landing in 2006 and noted that markets were pricing in the ARM crisis since 2005 housing top.
The big funds knew entire ARM crisis and as public/some banks lose money, others have made a lot of money using the loopholes.
Now we have yield curve favorable for a rebound.
YC is showing .18 lower than Oct 2002. Financial is bouncing up today.
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