Valuations Adjust

The revalue tumbler keeps on rolling through the various financial products. The valuations created primarily by major brokerage and banks in pricing debt and a sundry of derivative paper by literally marking prices to stoke performance data, keeps trying to find buyers. Along with trying to sharply reduce holdings is private equity firms, major institutions are trying to cash up by selling billion dollar positions in the secondary market. Hedge funds are seeing continued withdrawals and many have now temporarily halted redemptions. All this plays into the credit squeeze as bridge funding competes with everyday transactions and a general unwillingness to lend to even the best of names.