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Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

DepewTube: End of the Road for Counter-Trend Rally

Minyanville Staff Aug 15, 2008 12:10 pm


	Markets, movers and more.

Kevin says he's still eyeing 1330-1340 in the S&P 500 for this move off the July lows, but that may be about it for the counter-trend rally. Traders continue to try and push equities higher without seeing what's going on behind the scenes in credit markets. Also, beware of the 1982 Renault Le Car.


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