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Second view on sub-prime

Written by A Forex View From Afar on Wednesday, February 27, 2008

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HSH, a German Bank, had sued UBS for selling sub-prime debt. This lawsuit provides us a chance to take a look at the Big Guys-way of doing things*.

Those Big Guys had lost a fortune, so it's not a good idea to do like them.

sub-prime debt issuing

More lawsuits are happening against Banks for losses taken from sub-prime, and that may be the reason that the write-downs that are on the books of most investment firms cannot be realized.



Source:
WSJ: Did UBS Dump Toxic Assets?

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Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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