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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (262155)7/19/2010 9:07:35 PM
From: PerspectiveRead Replies (1) of 306849
 
PS Bear markets suck. I *hate* short selling. It's the most challenging, frustrating, nerve-wracking way to earn a return on my savings I've ever known. But when every idiot on Wall Street seems hell-bent on destroying the economic system for their own personal gain, the only rational response I have found is to wait for countertrend rallies to sputter and then "sell stupid". I've been doing it since 1999 with varying degrees of success. Everyone's extrapolating a typical economic recovery coming out of a garden-variety recession. For anyone that understands the atypical underlying forces at work here, it is obvious that there will be disappointment. People act like the housing market can be "fixed." The "fix" for overpriced houses isn't buyer credits, it's lower prices! The "fix" for too many houses isn't government aid to homebuilders, it's to stop building the g*ddamned things! It would seem that Europe has tested and found the limit of what they can continue to prop up via government intervention, and our leaders in the U.S. seem to be listening attentively. In the absence of extraordinary stimulus, we're likely facing a double dip. Since that **** Bernanke continues to steal from anyone who would seek safety for their savings, I have found no alternative other than reversing "buy low and sell high" into "sell high and buy low."

`BC
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