Hello EP, <<How's the fun world of homebuilder shorts ?>>
My short positions, comprised of housing, sub-prime, internet, and retail, both direct and via long LEAP puts, are officially in the money now.
We are only getting started to what I believe will be trauma, tragedy, hope, despair, dissolution, panic, confiscation, redistribution, evaporation, lines of people, crowds of agitation, and regret.
We here at the BBR tried to warn folks, offered our time and energy to counsel, and the people not in as good touch with the Force argued with us until they became blue in the face.
It is still way early in the process of Collapse, and there is plenty of time for the escape from almost certain disaster.
<<Jim Cramer says the FED might back down on raising rates as soon as they realize how bad they have hit the economy - like GM,Ford, IBM, etc>>
Yes, I believe the FED may in fact hesitate. However, I say, “so what?”, because …
(a) the hesitation will only ensure the continuing collapse of the USD, even as
(b) the hesitation will only serve to delay the completion of financial and real estate asset values collapse in nominal terms.
I think DOW is on course for 5,000 and under, and the Dollar will also collapse by another 50%, bring a semblance of balance at 75% death-level discount across most asset classes via galaxy-wide re-pricing.
Chugs, J |
