By Rick Walter Well, the market has really been showing strength- up over 200 points since October 5, 2009. I think the bulk of the buying are from hedge funds and institutions alike, snapping up assets that they may deem still cheap or it could be because of an overall feeling by market participants that fundamentals are improving as the FDIC gets its Private Public Investment Fund program underway with a recent announcement of multiple bidders for purchase of distressed assets from recently failed banks. However, somewhere and somehow, I still have this feeling of dread. I fully understand that the process of removing distressed assets from banks and other financial institutions balance sheets will allow banks to become more healthy which in turn will help loosen up the credit markets for new deals, which in turn will help revive the economy, but many of these assets are being sold for pennies on the dollar. In addition, there are still so many other technical and fundamental proble
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