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: saveslivesbyday	7/19/2008 12:55:45 PM
	Read Replies (5) of 306849

My take on the markets, FWIW The financial stocks seem to have led the markets up and down over the past couple of years. Last week's oversold 20% bounce (~40% on SKF and UYG) was not unexpected, and tradeable. From Oct/Nov highs, we've had 3 major selloffs based on the credit bubble bursting, with 2 months in between (Jan - March), followed by 4 months in between (March - July) With Oil taking a breather, there might be some rebalancing and consolidation for awhile. Between the PPT, clamping down on naked shorting, and more continued BS earnings numbers, I can imagine the financial stocks churning for some time before the next leg down. The bank failures, and threats of further ones - really seem to cause some serious "concern" (I won't say panic) and I expect when another big financial shoe drops we will see the same behavior. I realize that, as depressing as it sounds - it could be months before the next big selloff - I'm sure I'll think of something to do in the meantime.

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