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: saveslivesbyday who wrote (124642)	5/22/2008 8:03:19 AM
From: Think4Yourself	Read Replies (4) of 306849

I believe the shorts will do very well for quite awhile now, and am putting spare cash to work on the short side for any rally in the next few weeks. May even use a recently set up HELOC as a source of temporary funds. The FOMC news will cause a paradigm shift on Wall Street. Those buying in anticipation of more fed cuts now know they aren't coming. Those on the fence waiting to see what the fed will do next now know there will be no more cuts. Those who expect the fed to stop cutting now know their thinking about what is happening is correct. It should be VERY disconcerting to the optimists that the Fed is so concerned about inflation that they are stopping cutting despite all the rapidly weakening data. Even more disturbing is that the report released yesterday was "old" and the situation has worsened dramatically since then. The direction of the markets should be down for quite some time to come. Lots of money to be made here. Many of the economic indicators are in the toilet and the stock markets are priced for a fantasy land of unicorns and fairies. Just ask ANYONE on the streets of America, except Wall Street, how they are doing economically.

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