- Why You Should Play the Reflation Trade: Stock Picker
- S&P to Hit 1,200 by Year-End: Chief Investor
- 5 Big Bank Stocks Investors Should Consider: Strategists
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- NBA D-League On The Rise
- Australia Wheat Exporters Face Challenges: GrainCorp
- Stifling Anger at Work Can Kill, Survey Finds
- Japan Export Rebound Eases Fear of New Recession
- Trading Block
- Obama Reiterates Commitment to Boost US-India Ties
- Confessions of a Black Friday Shopper
- China Shipbuilding to Launch $937 Million China IPO
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- Holiday Guide to This Season's Smartphones
- In Time for Holidays: More Gloom and Doom on Economy
RSS FEED
CNBC Stock Blog
Text Size 
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:
____________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes