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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%4:00 PM EST

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From: Ilaine9/25/2007 7:28:36 PM
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News from the bankruptcy dept.: still getting a lot of calls but the pressure cooker seems to have cooled off, and my filing rate has really slowed down since the rate cut.

I predict my filing rate will be more like 2 a week, down from 3-4 a week.

But housing prices are dropping like rocks.

I filed something in Fairfax County land records this week. At noon I was #23. Last year at this time I would have been more like #400. Nothing whatsoever is selling.

Today I advised a client who wanted to sell his house and still had equity to cut his price as low as it took to sell it, even if he has to put money into the deal, and run. Everybody is waiting for the bottom before they buy.
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