Hysteresis Indeed, from Vince Fulco
With HFT machines pushing the pico second barrier and text reading pattern recognition engines parsing every press release and newswire, it takes a gaggle (like the imagery) of State Treasurers, with a pre-announced press conference, to freak out finance co. investors, at least in the CDS space but maybe coming to a stock near you. Meanwhile the talk of mortgage pushbacks and growing lawsuits has saturated the blogosphere. Will always be fascinated by what is or is not baked into valuations and the timing of concerns surfacing.