In the midst of the US subprime mortgage market meltdown, Industry Insiders believe that eagerly anticipated guidance from "Pacific Capital Trading" may give the sector a boost.

According to sources from within the ranks of Pacific Capital Trading, their researchers have identified recent statements from US lenders have painted a grim picture. According to reports, New York-based Citigroup, the biggest U.S. bank by assets, has said that it may have to write down as much as $11 billion in assets on top of a previously announced $5.6 billion, while Merrill Lynch, the third-biggest U.S. brokerage, disclosed more than $8.4 billion of write downs.

While Pacific Capital Trading are by no means unaware of a current market crisis, a source from within the prominent investment firm has revealed that Pacific Capital Trading believes a negative outcome to this scenario far from a foregone conclusion.

According to a source, Pacific Capital Trading believe that worldwide uncertainty over the US markets mirrors general sentiment towards UK and European exchanges. Pacific Capital Trading has reportedly concluded that, although Europe will continue to suffer from credit concerns over the coming months, the fear created by recent events may provide an opportunity to acquire shares at an appropriate discount to their fair value.