Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (11258)	7/11/2002 5:56:23 PM
From: Bucky Katt	Read Replies (1) of 13094

Jim, since housing hasn't tanked yet, I get the feeling when it dies it just might get ugly. The reasoning is simple, if, and it is a big if, things get real bad here in the US, will people walk away from their mortgages if the value of the secured property dips below what they owe? I have a term for it, "mortgage margin calls" Ahh, Mr. Joe Six-Pack,? this is Pudgy Smith from down here at the Money Store, and we have a problem. The value of your house has dipped 40% less than the amount you owe us, so unless you can come in and make up the difference, we have no choice but to begin foreclosure proceedings.......... ___________________________________________ As for tax loss selling, I think we have already seen something worse, fear....

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