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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Beachside Bill who wrote (59028)8/3/2006 4:05:18 PM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
I admit it when it's time to cover. I did over the last few days, and reiterated it today. AFA banning goes, that's too easy. Your welcome to stay as long as no ad hominem attacks are levelled, but of course be prepared for alot of posts contra to your views!<G>

I'm well aware alot of folks made BIG dough ong homie stocks and on residential real estate since the thread was started. I still contend a big reason for that is the Fed's response to 09/11 and the effect that had on mortgage rates; and that obviously couldn't be predicted in the summer of 2001. And the real estate conditions that resulted were (and are) far from normal, and that will take a long time to unwind (longer than the average down cycle). So although I made a trading call (to cover), I think we've got anywhere from 2-3 years more of a secular bear market ahead for homies. A "pause" by the Fed (if we get one) changes sentiment but little else, so we get a bounce (maybe until the end of the month) then more down.

Regards

Patron
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