Actually, the subprime sector accounts of $300bln, as I heard of. Not a big deal.
What is being thrown on the table is whether or not this "credit" sector as a whole is under jeopardy and, if so, whether or not, when and how hard it will hit the real economy.
Of course, as markets always do, they are trying to trade all those answers and their implications in advance.
"Another fund exploded, I'm selliout right now"
"Hey, not a big deal, it's only $300bln, I'm buying this dip"
"Yeah right... Home Depot? Home? Huh? House? Subprime. I'm selling!!!"
"Oh, that bad a problem? Fed will cut. I'm buying right now!"
Be back in a few hours.
What is being thrown on the table is whether or not this "credit" sector as a whole is under jeopardy and, if so, whether or not, when and how hard it will hit the real economy.
Of course, as markets always do, they are trying to trade all those answers and their implications in advance.
"Another fund exploded, I'm selliout right now"
"Hey, not a big deal, it's only $300bln, I'm buying this dip"
"Yeah right... Home Depot? Home? Huh? House? Subprime. I'm selling!!!"
"Oh, that bad a problem? Fed will cut. I'm buying right now!"
Be back in a few hours.