Usually, climatic action doesn't appear for at least 18 weeks into a run;
the mkt leaders tend to break out in the 1st 13 weeks after a follow-through;
ABX, markit.com, the BBB-tranches from the 2nd half of 2006 was woth just 17.94 cents on the dollar on Oct 29, 2007;
$850B in adjustable mortgage to rest higher over the next year;