再出来讲一次，教训！与那些难忘的新手朋友们共勉之有些话，这种时候讲才印象深。虽有点马后炮，但从长计议论，我们将来还要在市场上混十几年，希望这番话不是无的放失。 这次大跌来势之汹，确实出乎我预料。但这就是我和我们应汲取的第一点重要教训：不要对市场轻易作出预测，尤其我和我们这种水平不够的高的小散户。我们都喜欢听别人对大势的看法，很多时候这样做只是为了安抚我们内心不确定产生的恐惧，

more通货膨胀之忧: cpi +0.1%, core +0.2% 烫手山芋无人接手之忧: previously risky-assets were under-priced, but now no buyers at all! Not even a price can be set. What you can do is just watching the spread shoot up. 房价之忧: 美房价再滑1.5%, SUB-PRIME 阴影更严重 油价上涨之忧: 美库存减少, 能源资源成本上涨之担心益盛 现在的问题是全球交易基本没人在看基本面了,都心乱了. SUB-PRIME 高度敏感,听到就恐慌, 而显然还会有其他相关的坏消息浮出水面.. 下面就等失业率数字看怎样了...

CDO & CLO itself doesnot give leverage, if I remember correctly?I remember CDO is about multiple tranches of the pool of debt obligations being rated differently from high to low and the re-payment of interests/principle use waterfall method. How does the leverage step in?