I seem to be the odd one out on this one but I’m sticking to my guns… interest rates can only go up.  This week should be a defining moment in this subprime mess… just as soon as the Fed makes its decision.

I’m expecting the rates to be held while the market is doing otherwise.  Have you ever seen a spoiled child react when they get that rare rejection?  We might be seeing a market ‘fit’ sooner that later.

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