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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (9499)	3/10/2003 1:13:45 PM
From: TheStockFairy	Read Replies (1) \| Respond to of 306849

I don't think that anyone wants to think the unthinkable :) It's a feeling like the nasdaq bubble popping, everyone knows it's coming but they don't know when or how bad it would be. My original thought a few years back was that defaults would rise to the point where they couldn't be ignored anymore leading to tighter lending standards and destroying the housing pyramid (no more lower end buyers to purchase their way up on the housing chain). Others were speculating that FNM would blow up. Maybe a combo of both will happen, who knows. IF the housing market DOES tank. All bets are off, better start digging your bunker now, bring your duct tape :)

To: Amy J who wrote (9499)	3/10/2003 3:43:37 PM
From: Jim McMannis	Respond to of 306849

RE:"I don't like real estate bubbles, but if the RE bubble snaps before business spending (which in turn feeds consumers who can then spend) has recovered (and before the war is over), I think the US economy could turn for the worse." AH, what a tangled web we weave. You'll be happy to hear that Bush will likely be blamed. Jim

To: Amy J who wrote (9499)	3/10/2003 4:06:11 PM
From: larry	Respond to of 306849

Amy, I think that they realized the problems all along. However, you did not expect them to pop both bubbles at the same time, right? I guess that they were hoping that when the housing bubble was to burst, the business spending and the economy would be in a solid upturn. They just did not expect the worst. Still patiently waiting for DOW 6000 for long term entry. Before that, it's all quick trade on the index for smart traders. We will be in a solid recession for years before the next turn up. larry!