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I like the “ARM-ed and dangerous” phrase
It reminded me of my Army days on the firing range for some reason
Back then it was, “lock and load one 20 round magazine”
This morning’s thought was, “lock and load one Credit Suisse ARM Reset Chart”
and here it is:
http://www.bubbleinfo.com/statistics-2007/2007/3/15/arm-reset-schedule.html
that big chunk of green on the right side of the chart – those are Option ARMs which are allowed to negatively amortize – month 41 is in 2010 – explain to me how the market will bottom before 2011?
