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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: ChanceIs5/18/2009 5:38:58 PM
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Delinquency Rates - Graphic per CR. Sooooooooooo. Why are my SKF long (effectively short banks) hurting so badly. I mean for a bank bull, .... whats to like in this picture?



We have a lot more gains on the short side before we hit 1991 levels in CRE, are getting there at warp speed, and are guaranteed to overshoot given the magnitude of the crisis. Please don't tell me that bulls are taking the gummints interference seriously. Those loans are bad.
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