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


To: Jim McMannis who wrote (82316)6/1/2007 12:26:52 PM
From: John Vosilla  Respond to of 110194
 
'The 3 wave (down) in home prices will accelerate down when all these foreclosures are unleashed on the market. Prolly starting late this year and next'

Pretty much a given in most bubble markets except perhaps NYC where the ghost of Irving Fisher rules and it sits on a permanent high plateau<g>



To: Jim McMannis who wrote (82316)6/1/2007 4:28:22 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 110194
 
>>The 3rd wave (down) in home prices will accelerate when these foreclosures are increasingly unleashed on the market. Prolly starting late this year and next.<<

I agree, plus mortgage resets will peak around January, '08. Assuming several months lead time, I've been accumulating homebuilder shorts for the last few weeks......