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Deleveraging Continues

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.

-Minyan Jim

DepewTube: Is A Short-Term Low In?

Kevin Depew Oct 09, 2008 12:33 pm


	Markets, movers and more.

Kevin says he believes probabilities favor a short-term low in the market being in as long as the S&P 500 is above 960. Tomorrow's settlement of the Lehman Brothers credit default swaps could create some fireworks, but the passing of the event could see some de-icing among credit markets.

Tags: LEHMAN, SWAPS, BROTHERS, DEFAULT


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Position in SPX.

Kevin Depew is the Executive Editor of Minyanville.com. Prior to joining Minyanville, Kevin spent more than five years as an analyst with Dorsey, Wright & Associates where he contributed to and edited the firm's daily research. Kevin welcomes your comments and/or feedback at kdepew@minyanville.com.

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