The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: piggington who wrote (35993)	7/14/2005 12:36:20 PM
From: russwinter	Read Replies (1) of 110194

The crazies involved in this speculation are there to make fast bucks, not watch the paint dry, inventories pile up, sales slip, and their carrying costs ratchet higher. There will be more and more "stale money" folks at the margin testing an "exit strategy", and fewer and fewer looking to enter the casino. That's already evident. Think that's why you see the constant price reductions now. I count 104 downtown SD price reductions in just the last four weeks, and is anybody really buying? Not especially, 50 if you count the fall from escrows, and met a net ad of 19 listings to overall inventories. Las Vegas is similar. I'd love to track Miami now? Word will spread, and I'll bet you'll be one of the first to report it in real time, not as two month old news.

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