Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 02:04:41 12 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Oct.13
1:15 PM ET
Monday, 13 Oct 2008
Strategist: The Next Swap Shoe to Drop

Last week, it was the Lehman Brothers credit default swaps at the heart of the market's palpatations. The next thing will be Washington Mutual swaps, says Craig Columbus, Advanced Equities Asset Management chief market strategist.

"A lot of what happened last week was the settlement of the Lehman credit default swaps. I mean that was $400 billion of cash that sellers had to come up with to pay claims, basically insurance claims. Now by my count there are six more of those trigger events out there. So the next one would be the Washington Mutual settlement in about two weeks. ... Please get these swaps onto an exchange because this is a big risk to the marketplace."

For investors, he suggested looking at technology and healthcare as possible areas to go value hunting. Oil services was also an area to watch, he said (see his full comments in the video).

____________________________
CNBC.com Tools:

____________________________

Disclaimer

© 2008 CNBC.com

Tools:
PrintEmailAdd This share icon
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:20:29 12 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:27:48 12 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 11:27:48 12 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:00:12 12 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters