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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (50410)	5/2/2006 2:39:34 PM
From: John Vosilla	Read Replies (1) \| Respond to of 116555

I've done distressed investing for a living for 15 yrs now. Of course I follow it<g> Can't wait for it to spread to the bubble markets. We have barely even begun to see lis pendens start to shoot up and even now are still way below 20000-02 levels. The appreciating values, strong housing related job creation and toxic loans kept a lid on foreclosures in many markets. I'm sure it gets to be worse down the road in California, Florida or New England than in Michigan, Ohio, Texas or Colorado..

To: Think4Yourself who wrote (50410)	5/2/2006 9:36:06 PM
From: Earlie	Read Replies (2) \| Respond to of 116555

John: Couldn't agree more.... the real estate market has a bunch of nasty terriers at its throat. It peaked out months ago and is now slowly but surely moving towards a steeper downhill slope. Best, Earlie