21. May 2009 by Dan Walkow, CFA, CMT.

According to T2 we are only in the 5th inning in the real estate correction with more pain to come. T2 analysis shows that banks are not prepared to handle the next wave of losses. The report is well worth a read for all investors and you can see it here.

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21. May 2009 by Dan Walkow, CFA, CMT.

California is in a political and economic straitjacket and conditions continue to deteriorate given the recent budget failure. This bears watching as California is not the only state with serious problems and if we see more of this malaise spread across America we can only surmise that the impact on markets will be meaningful. This is a growing story and not baked into the markets at this point in time. See more at the Economist here.

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