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March 30, 2008 at 11:23 AM #178761
patb
Participant

Chill Out Dude,

This is the beginning of buying season, expect some uptick as
people seek to relocate.

Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.

Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.

Come August, lots more price resets will happen