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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (37808)	8/4/2005 5:19:19 PM
From: ggamer	Read Replies (2) \| Respond to of 110194

When you say buying puts in SPY, QQQQ, and IWM, are you predicting that the housing/credit bubble is going to hit the entire market? Greenspan does not feel the impact is going to be so severe. I would love to hear from others as well. Buying puts is a great idea. If I was to buy one of these puts, what homebuilder/mortgage company would be the best one to choose for this strategy. NEW? TOL? KBH? etc. I know of at least 10 friends and family members that are in the mortgage business. One who is a 28-year old high school drop out has built an RE empire of six homes over $1M each. His mortgage without taxes is about $30K a month and most are vacant. He is not worried about the bubble and tells me that SF Bay Area is a very unique place and the prices are not going to go down much even if there is a correction. In 1999 I was riding the waves of QCOM and everyone thought we were going hit the $1000 price share and QCOM was a ver special gorilla. Cheers, ggamer