- Bank Failures: Is The Nightmare Over? (Video)
- R.I.P. Stocks? Hedge Fund Chief Warns of Market 'Funeral'
- Global Stimulus: Boosting Water Stocks
- Najarian: Options Get Bullish on Cisco
- Four Hardware Stocks Upgraded by Goldman
- Options Smell 'Blood' on Infosys
- Art Cashin: Traders Weigh Obama Policy Changes
- S&P's Stovall: Pullback to 810 is Likely
- What Options Say About Transports Now
- Art Cashin: Stimulus Package Was a 'Hoax'
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- Warren Buffett's Top Three Investment Rules for the Average American
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Geek Squad V. Gizmodo
- Social Networking's 'Naked' Truth
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Dykstra Discusses Bankruptcy
- Why the Credit Pendulum Is Stuck at 'Stupid'
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Why the Credit Pendulum Is Stuck at 'Stupid'
- Cheney Told CIA to Withhold Information: Report
- 'Bruno' Fashions Top Spot at US Box Office
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
RSS FEED

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:
____________________________





