News Bits…

Subprime market needs more rules, consumer advocates say“. What the hell? Isn’t that like saying that skydivers need a stronger helmet?

From the charts I see of silver and gold it seems awfully dangerous to be leveraged right now, as a large and powerful move seems rather imminent with both metals trading at support levels.

Investors Notice:
Technical Analysis doesn’t matter and you should never be leveraged.

The Telegraph reports “Charles Dumas, the group’s global strategist, said the failed auction of assets seized from one of the Bear Stearns funds by Merrill Lynch had revealed the dark secret of the CDO debt market. The sale had to be called off after buyers took just $200 million of the $850 million mix”. Uhmm… ouch?

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