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

To: Micawber who wrote (68506)	12/11/2006 10:51:46 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Yes many in various circles have been touting the same general themes for years. But it truely is different today. We've gone through a mania for the ages from 2003-05 and it is unwinding in rapid fashion. It still doesn't mean you make a killing shorting builders because of it. When the national builders are in trouble it just means everyone else tied to them are in much worse trouble and that includes realtors, small builders, speculators and people just trying to sell their own home in an area with too much new construction in recent years..

To: Micawber who wrote (68506)	12/11/2006 11:12:09 AM
From: Bonefish	Respond to of 306849

Only a complete ??????? would think everyone on this board was short the homebuilders 5 years ago. Meanwhile one of the worst things about a bull market, especially Real Estate, is that people get real smug and full of themselves when they make a few bucks or think they made a great investment. Then when it turns the other way they make excuses and even scream for someone to bail them out.

To: Micawber who wrote (68506)	12/11/2006 11:23:26 AM
From: saveslivesbyday	Read Replies (1) \| Respond to of 306849

If you don't believe in rigged markets and conspiracies, you should try listening to Phil Grande. businesstalkradio.net From Friday's Show: "Wall Street is the world's largest Ponzi scheme ... Remember, every time you buy a stock, please remember, I'm buying a stock, not because of what the company does, I'm buying it because I think I bought it cheap enough that I can sell it to some other Schmuck! Because that's what they think of you on Wall Street - Schmucks! ... Wall Street is the most fantastic business, you can create such wealth, it doesn't matter if the market's down, the market's up, who cares? You gotta know when to buy that stock on sale, and get out!" I love this guy, the ultimate investment cynic