So where are we today?
January 22nd, 2009 | 
Author: While reading Redwood Trust’s Q3 report, which is one of the more detailed company reports out there, the following well-known psychological graphic was included. The CFO and CIO of Redwood seem to claim that in terms of RMBS, we are near capitulation, or a turning point. Given that RMBS lead us in to this crisis, logic (and all of the well-wishers) protend that it will lead us out. With CMBS the well-known lager in the markets, perhaps there remains some additional stress, or opportunity depending where you sit.
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