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: DebtBomb who wrote (200894)	5/7/2009 1:17:47 PM
From: Smiling Bob	Read Replies (1) of 306849

The market(mirror of the economy) has been given steroids But there's no magic bullet for the economy. COF perfect example of the madness. They're no better off than they were two months ago. Yet stock has been propped at top range for hours now. Magical suspended animation. Prospects are grimmer for them as signs of stability for their customers are few and far between. COF still needs to face much higher default rates-record high- given the gravity of the beating J6P is enduring. Less people losing their jobs than analysts called doesn't mean less people will default. Of course, that's the one I picked up a bunch of puts on yesterday

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