It was the Summer season of 2007
And all through the land
There were rumblings of subprime mortgages
Grown too fat by many hands
The storm clouds and the thunder
Surrounding our Summer’s sun
Threatened to take us under
And spoil all of our fun
That first bolt of lightning found Bear Stearns
It was a shot across our ship’s bow
What, if anything, might come next?
And when would it happen and how?
The storm clouds continued to gather
Right up until that September
Then the next bolt hit Lehman Brothers
And that was the one to remember
Move forward to the summer of 2013
Where Greece has shown us the way
And ask ourselves a new question
Will it be Spain that takes us away?
By Brennan R. Redmond, who is a CFA charterholder which does not, in fact, stand for “Creative Financial Author.”
Brennan R. Redmond, CFA
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author’s opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities)