As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.
Before Toddo's Buzz segment was sabotaged by technology, he discussed what we can expect to see in the month of September. Can crude hit the $100 level into the November election? Will the S&P rally to the 1330-1350 range? Pressures are building on the credit front and that could close the door on Hoofy's foot.
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