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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (83796)8/7/2007 3:49:45 PM
From: PerspectiveRead Replies (1) of 306849
 
Another very narrow advance.

finance.yahoo.com

I think they're buying them in order to maintain confidence long enough to get the sell orders together for the next few weeks. Need a good closing print today after the Fed meeting in order to maintain the steady flow of funds into the market.

I for one can tell you that whoever was leaning on the BUY button in the futures pit scared me away from opening any more short exposure today. I'm tempted to do it on the close, but with so many important technical tests underway, I think I'm going to wait for a resolution. Can't believe we'd seriously threaten the old highs with all the capital impairment in place right now, but it *could* happen, and I need to survive with my hide intact if it does.

BC
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