-Nos atacaaaaaan, Dios Mio estamos rodeados de Charlies...

Por estribor se avecina otra cucarachísima gorda a puntito de aflorar, mientras por babor y por la quilla, los reintegros simbolicos y de los grandes especulatas, estan provocando un auténtico crunch en la linea de flotación. Coged el cubo y las inyecciones de liquidez, todos a achicar el crunch. Apreparados para el siguiente impactooooo. Hay que soltar lastre, hay que vender activos, hay que vender suelo como sea. Llamad a los ladrilleros que vendan ya cagando h_stias, si no, se para la caldera y esto no flotaaaaa.

Second bout of credit correction looms
Renée Schultes
02 Nov 2007
http://www.financialnews-us.com/?pag...tid=2449100452

Concerns over a second phase in the credit correction that started in August intensified today as European equity markets opened down following the worst trading day since August 9 in the US yesterday

-sigue-


Another London hedge fund manager said: "There are more red flags out there than I've ever seen. We are in the worst US housing crisis, we had a shut down in the commercial paper markets, there have been no securitisations in the UK for four months and banks aren't lending. The inability to borrow shuts things down."

Confidence in leveraged loans has also weakened this week, with the iTraxx LevX Senior index, which is made up of the most liquid credit agreements traded in the European leveraged loan credit default swap market, has declined 1.5% from its three month high on October 15 to 98.15 yesterday.

Bernard Oppetit, chief investment officer at London hedge fund Centaurus Capital, an event driven hedge fund said: "Banks need to face reality, take the loss and move on, otherwise no new business will be written. We'd love to take advantage of this, but the market is not moving yet."

Hintze said: "It's not over yet on leveraged loans." He said CQS, which completed its third collateralised loan obligation in July, called Grosvenor Place CLO III, and had began to ramp up a fourth deal, subsequently came to an agreement with its warehouse agent to transfer the loans to an alternative structure.