e.g. Commercial RE loan default and Moody downgrade jumbo loans http://www.cnbc.com/id/29774863/
Markets bottomed at SPX 666.79 for 2009 and NO SPX 555?
Did the Bernanke 60 min interview effectively eliminated bearish sentiment for the year?
The Obama and Geithner speeches also effectively eliminated the bear for the year?
Commercial R.E. loan defaults are skyrocketing.
AP reported "Delinquency rates on loans for hotels, offices, retail and industrial buildings have risen sharply in recent months and are likely to soar through the end of 2010 as companies lay off workers, downsize or shut their doors."
http://trend-signals.blogspot.com/2009/03/final-count-down-3-4-5.html
Commercial real estate loan defaults skyrocket
WASHINGTON: With loan defaults rising, analysts say the struggling commercial real estate industry is poised to fall into the worst crisis since the last great property bust of the early 1990s.
VIX and VXN are trading below 200 dma suggesting that markets will continue the recent uptrend with the subdued volatility. However, the volatility closed above the contracting triangle trendline support going into the Q1 earning reports in April. Also, $CPC/CPCI/CPCE reading are extremely low below 2 year + low. With the commercial RE defaults and more economic and earning bad news, Markets have the excuse to sell-off trading down to SPX 555 target as a final wash off going into mid year.
The final count down 3-4-5 to SPX 555 during the April Q1 earning reports?
Alternative EW Market Price Actions: Final Count Down 3-4-5
http://www.youtube.com/watch?v=0ZkllM8znx4
If markets trade to SPX 555 +/- by mid year, I expect the rally off from the low will be stronger than the rally which we recently have seen.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36634247
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