It looks like a typical 10-Q statement of fairly obvious risks. Last Friday, as the secondary market started to collapse, everyone understood that the forward earnings of lenders could take a hit. Don’t get me wrong, no way would I be long CFC at this point, but there are 45 million shorts shares against CFC, if any of those hedge funds struggle, they will cover their shorts and push up CFC. Be careful, this is a really weird time – note the ludicrous gain of many weak stocks across the board due to short covering on a 400 pt down day.
anx-
If asset classes are deflating, that increases the value of the dollar, for the near term, at least.
