Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Silver Super Bull who wrote (27335)	2/3/2003 9:55:12 PM
From: LLCF	Read Replies (2) of 36161

<RE: <I don't suppose you realize that over %40 of homes are owned outright.> This is not bullish... in fact it's bearish as it means the statistics out there one the debt loads are much worse for those that ARE in debt [the other 60% have the agreggate debt]. Besides, any market is ruled by the marginal sell or buyer. All you need is a couple of comps @ 210,000 vs 30000 last year to put thousands of loans underwater. That seems like a big drop, but don't fool yourself... forclosures get sold with or without liquid markets. DAK

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