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: DebtBomb who wrote (120129)	5/2/2008 10:15:13 AM
From: John Koligman	Read Replies (2) of 306849

First off, you apparently made an assumption that I 'own' the stocks I mentioned. I'm a very short term trader that makes his living off the markets, and simply mentioned the issues to illustrate the point that stocks can have monster runs in the face of 'bad' news. I don't have a position in AAPL although I've scalped it regularly. I don't care about the long term, in the short term I think oil might go a bit higher but will not make another monster run. At these prices you already see Americans making changes in the iron they drive, if the prices stay up demand will moderate. I don't see a market crash, a pullback sure, after a 1400 point DOW run, but keep in mind the DOW as an index has shown no gain in almost a decade if you factor out inflation. At some point the odds are against the shorts... Outside of financials, wide swaths of corporate America have balance sheets with huge amounts of cash and little debt, especially in energy and tech... John PS - Of course if Bush and Cheney really want to bomb Iran and do so, all bets are off, and you win... <ggg>

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