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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From: coachbobknight	5/23/2008 9:33:33 PM
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3 things were a problem for the market today... the very bullish news for mbia and ambac from fasb... lehman CDS fear and high volume put buying... more evidence that domino #1(housing) remains in the very locked down and prone position... and oil of course... last year the friday before memorial day was a decent top in the oil market... i will wager the exact same for this year...i think oil heads down from here and trades down to 110-113 for a couple months or so... we are long DUG as of this week...going to begin shorting USO on tuesday...sold all our oils and oil service this week...big shift...

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