Looks like UBS may deliever some more write downs on subprime. Will more banks and brokers fess up on fourth quarter before Christmas? If so the probability of a Santa Claus rally is slim.
Hat Tip to Caluculated Risk (the best real estate blog by far)
By the bye I am looking for 25bps from the Fed this week, but who isn't. I'll try to get in my mock statement before tomorrow is up. End of the calendar year is a busy time in the ivory tower.
Sunday, December 9, 2007
Here We Go Again
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