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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (207843)6/23/2009 10:12:19 AM
From: Think4YourselfRead Replies (1) of 306849
 
I wanted to thank you for that post. I thought about it overnight and sold almost all stocks/commodities this morning. Used the proceeds to short treasuries.

The markets look ready to head south in a big way and I agree treasuries will NOT be a safe haven this time as they are a big part of the problems. You'd have to be a bit of a dolt to put money into treasuries given what is happening. The Treasury borrowing so much and the fed balance sheet exploding can go on for only so long before treasury buyers say "enough!".

CNBC reporting that realtors are going nuts. Some new rule about appraisers having to be independent of the bank and realtor is causing appraisals to come in so low that sales are failing at high rates.
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