The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (84050)	8/8/2007 7:24:36 PM
From: Perspective	Read Replies (1) of 306849

I'm absolutely floored by the bounce the past couple of days. Here we are with the credit markets in real trouble, junk issuance on hold, non-prime and jumbo mortgages disappearing, Fed staying the hell out of things, and where's the Dow? We've only spent a total of ten trading days above this level on the Dow and NDX. Just unbelievable. I figured there would be a bounce, but when you try to imagine what the magnitude will be, it's hard to forsee this kind of advance. 70 S&P points in two and a half trading days. I got some good entries, some not so good, and a few terrible ones. Is it done yet? I don't know, but I can't see increasing my exposure a whole lot right now. Gotta leave enough room to stay in the game and not get forced out of positions. Man, short selling has to be the hardest strategy on the planet. Where else do you get a reaming like this over three trading days? The irony is that most of us are generally the more conservative types trying to hold anti-risk positions, unlike the leverage-happy youngsters playing with OPM. I think I need a couple days off from this... BC

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