Bei COF - erwart ich Zoff (US$ 46.51)

Last year we speculated that credit card backed asset securities would be the next victim. The following chart of Capital One, America's top credit card issuer, confirms our belief. The company announced mounting payment delinquencies and failed to deliver target earnings. We anticipate much further room to fall for COF, and most credit card issuers to come under pressure. Credit card debts/backed securities are a multi trillion dollar market. The fall out from this market will make headlines no less spectacular than ones created by subprime.

High / Low 52-weeks :

83.84 / 37.41 US$ und last US$ 46.51