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: ajtj99 who wrote (191635)	3/18/2009 8:18:58 PM
From: Perspective	Read Replies (1) of 306849

It sounds like you believe that THE bottom is in, or is at least in for a long time. What is it that you've seen that inclines you to believe the bottom is in? I suppose the bottoms in C, BAC, and GE could be viewed as climax bottoms, but a ton of stocks I follow never really had that throw-in-the-towel moment. The ability of the C/BAC/GE bottoms to stick will ultimately depend on whether or not their businesses actually have any equity left at all. There's no question the banks aren't going away - but I think the issue of whether or not their stocks go away remains a matter of debate. It's entirely possible that these are in fact worthless given how upside-down their balance sheets have become. At what point do the falling knife catchers take their profits there? Lots of things up against overhead resistance now. I guess if it keeps just on running, it will answer me quickly. `BC

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