By Stockpickr Guest Columnist Thomas Brown
Have I mentioned I'm
? In case I haven't, here's the
- Valuations are idiotically compelling.
- Inflows of new problem loans, especially mortgages, appear to be declining.
- Delinquency roll rates are declining, as well.
- Lenders have begun to liquidate their foreclosed properties in an orderly fashion.
- The outlook for the companies, postcrash, is startlingly strong.
It's not complicated. Even so, beyond my formal bull case, I can't help but notice a few straws in the wind this week that have reinforced my optimism. By themselves, they're trivial -- but just the sort of small, telling events that tend to occur at market extremes.
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