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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (25779)	8/23/2005 7:13:43 PM
From: John F. Poteraske	Respond to of 48461

I thought this was a different spin on the Real Estate & Fed Chairman question. news.com.com "Looking ahead, the markets think Ben S. Bernanke or Lawrence B. Lindsay will succeed Alan Greenspan as Federal Reserve chairman"

To: ~digs who wrote (25779)	8/25/2005 5:42:05 PM
From: Bucky Katt	Read Replies (3) \| Respond to of 48461

Panic Selling as Home Bubble Bursts The biggest financial disaster in history is unfolding in real time right before our eyes. Due to the lingering effects of mass hysteria, denial remains widespread. But the numbers don't lie. The U.S. Commerce Department announced Wednesday that sales of homes increased 6.5 percent in the last month, while median prices fell 7.2 percent, down three months in a row and falling below year-ago levels. Increased volume selling into a falling market looks to me like the beginning of a good old-fashioned collapse. The current inventory of houses waiting for buyers is 460,000 -- an all-time record. On the way up, anyone "owning" houses was a winner. On the way down, those stuck "owning" houses will be losers. The problem is that many of these houses were never really owned in the first place. They were purchased with such leveraged debt, so little money down, that the buyers could lose not only 100% of their investment but end up deeply underwater as well. Even people who didn't buy or sell at all during the speculative frenzy but merely "cashed out profits from their home" will also be far worse off because they spent their imaginary winnings on the way up, not fully understanding that is wasn't actual profit at all. In fact, it was debt. They have borrowed and spent a small fortune. Now they have to pay it back. by Theodore Mantle, Wednesday August 24 2005 From the stool> wallstreetexaminer.com