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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (110865)3/17/2008 9:41:19 AM
From: John VosillaRead Replies (1) of 306849
 
'..by now it should be crystal clear by now that the FEAR is of being the bagholder of the 'unprecedented' loans that were made in a declining RE market goes to a risk management decision that SHOULD be obvious'

Leveraged at 30 to 1 in a declining real estate market makes the equity worthless. Question is how much of the mortgage paper was Morgan buying on the cheap when there was no bid for that either of late. I see JPM is up 3%..wow

Does it seem like Wall Street is making it hard to get an obvious bottom these days..you know the big 400+ gap down with VIX parabolic?
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