Sean Egan："stress point", key "technincal lines"

Sean Egan："stress point",subprime mortgage insurers did not have enough capital to cover the potential losses, etc, therefore the whoe ego system was at the stress point, for example, MS sold $.27 for an dollar insurance of CDOs which they think there is no tail risk, therefore facing the $.76 loss when tail risk comes in finally;

US agency's mortgage at risk is about $1T of their $5-6T portfolio;

stock market: currently not at much "margin call" stress point, could have priced too much in for "tail risk"

but key TA level could represent key stress point for trading systems, to be daily watched after 定性risk analysis;



Bond insurers seek new capital after CDO foray goes awry - MarketWatch
Dec 4, 2007 ... "They need to come up with more money," said Sean Egan, co-founder of .... fully anticipate the stress the mortgage/CDO sector is experiencing. ... "Dow slides 265 points in worst day since June; Alcoa is index's biggest ...
www.marketwatch.com/.../bond-insurers-seek-new-capital-after-cdo-foray-goes-awry - Cached - Add to iGoogle

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• Japanese Yen ："stress point", of carry trade -marketreflections- ♂ (3077 bytes) () 08/17/2010 postreply 11:21:06

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