NY probe on auction-rate securities market creating the stealth new bull market in mortgage securities, stocks, real estate and US dollar
Peter Oberois
Apr. 18, 2008

In the middle of all gloom and doom, the market and the US regulators are cleaning the path for a new US economic boom, dollar and mortgage securities. The stock market is already responding to the moves moving sharply higher in April.

New York Attorney General Andrew Cuomo subpoenaed 18 banks and securities firms including UBS AG and Merrill Lynch & Co. in an investigation that could lead to criminal charges, a person familiar with the probe said yesterday. Officials from nine other states formed a task force to determine whether brokers misrepresented the debt as an alternative to money-market investments when they sold it to individuals.

These are the kind of moves needed to create the fear among the professional which eventually leads to caution and a new bull market.

The residential real estate has hit the bottom. The market is going to slowly recover and the bull will be back. The mortgage securities business is crushed to the ground but is alive and will eventually do well.

NY probe on auction-rate securities market creating the stealth new bull market in mortgage securities, stocks, real estate and US dollar
Peter Oberois
In the middle of all gloom and doom, the market and the US regulators are cleaning the path for a new US economic boom, dollar and mortgage securities. The stock market is already responding to the moves moving sharply higher in April.
READ MORE>>

Stocks, bonds, dollar Crude oil and gold correlation showing momentum weakness for crude and the precious metal sector – a meltdown possible
Kara Zeilig
The precious metals and crude oil can face a similar meltdown just like the financial services sector. The rise in gold and crude is mostly due to speculation and fear from a falling dollar.
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US Treasury bond the most overvalued assets – a serious bear market waits
Jeff Cantor
US Treasuries waits a nasty bear market. It will be a corrective move though on the downside – a cyclical bear move within a secular long-term bull market.
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What happens to US economy and the World economies over the next five years – what’s the effect on dollar, stock and real estate?
Fred Day
As US closes the door to easy trade and dumping by Asian and other countries, the commodity prices will collapse, dollar rise, oil come down, gold fall below $700 an ounce, US GDP growth above 3%, and a decisive drop US trade deficit.
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Merrill Lynch takes $9 billion in write-downs on mortgage-related assets, swings to a loss but the financial meltdown is coming to an end
Sam Adelton
The correction in the banking and leverage system was over due. But the way things capitulated but did not collapse in totality provides the early clues that the markets are ready to snap back on the upside.
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Basel Committee on Banking Supervision planning to provide global regulatory structure to put banks under the microscope – bullish for dollar, stocks and real estate
Peter Oberois
The stocks market has bottomed. The US dollar is building the base to launch a long term bull market. The real estate is ready to bounce back.
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Government owned Indian oil companies IOC, HPCL and BPCL losing Rs 640 cr per day from sales of subsidized petrol, diesel, LPG and kerosene – headed for a catastrophe?
Preeti Menon
How long can India sustain a loss of $50 billion per year trying to subsidize the petroleum products to create a false hope of contained inflation?
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