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: The Reaper who wrote (147782)	9/18/2008 4:46:09 PM
From: Perspective	Read Replies (2) of 306849

Congratulations to those who had the cojones to step in and buy this thing. You are sharper than I am. I try as hard as I can to apply smoothing functions to everything, to ignore short-term swings, but this one really hit hard. I really don't want to be swinging back and forth on a daily basis, so I've tried to stick with the trend. That got me run over today. COF at $55?!? It was there almost a year ago, before delinquencies even started heading up. WFC new all-time high. We don't care HELOCs evidently. There sure are some sharp traders around here. Wish I included myself in the bunch. At least I've left myself plenty of buffer on the exposure, and added at moderately good prices. I am absolutely awestruck. Dumbfounded. UFB. Just UFB. We're sabed!!! <S> `BC

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