Tuesday, December 9, 2008

ABX - NEW LOWS- Update 4

Every time I write about the ABX Indices, I am shocked at the extent of the fall!
News lows—This is one mega subprime mess!

'The ABX Index is a series of credit-default swaps based on 20 bonds that consist of subprime mortgages.ABX contracts are commonly used by investors to speculate on or to hedge against the risk that the underling mortgage securities are not repaid as expected.' http://www.markit.com/
8 DEC 2008








29 AUGUST 2008
March 24, 2008
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