The worse is behind us ? Orly ?

Morgan Stanley CFO Colm Kelleher : The worse is over
Bear Sterns Sam Molinaro : the worse is behind us

Or not ?
http://www.robbooker.com/blog/arms-thumb.gif

This is the total value of mortages to be resetted in the next month (table from piptopia managed by Rob Booker). Isn't March a great month to be in the street without a house ?

You know those guys are just parrotting what the street wants to hear. It's gonna be a subprime bukkake, regardless of what the CEO's say

if they were so smart, they wouldn't lose so much from the crisis.
It's obvious the crisis isn't over. I feel pity for those who thought they bought the so-called dips.

Ho, i forgot to say : the value are in Billion $ !

The markets are beginning to heal, but I don't think we are quite how of the woods yet. its tempting to think the worst is over - conditions are improving, but very slowly. Good news - liquidity is flowing back into the system. But why is it still fragile? To start with, less than 10% of the $100 Billionor so of losses expected from reckless subprime lending have been recognized. Second, inflation could perk up. Bond markets are already getting worried that the Fed's aggressive interest-rate cut could have that effect. America's continued reliance on borrowing money from the rest of the world maeks the dollar vulernable.