Added Case for CIM
The most successful trader playing the residencial subprime/bond collapse has indicated the risk-to-reward for being short is no longer there, on the residential side. (article)
Mr Lahde started returning money to investors from this 1000% return fund stating in his letter, “The risk/return characteristics are far less attractive than in the past.”
So if you want to get in to these type of assessts at a relative bottom, CIM is good way to play it.
