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

To: Sam Citron who wrote (82830)	6/18/2007 9:58:48 PM
From: orkrious	Read Replies (2) \| Respond to of 110194

@nonsense -- trotsky, 16:32:41 06/18/07 Mon "Living in an area with multiple foreclosures can result in a 10 percent to 20 percent decrease in property values, said John Kilpatrick, president of Greenfield Advisors, a Seattle real estate consulting firm. In some cases that can wipe out the equity of homeowners or leave them owing more on their mortgage than the house is worth. ``The innocent houses that just happen to be sitting next to those properties are going to take a hit,'' Kilpatrick said." INNOCENT HOUSES??? ROFLOL!! the entire train of thought is of course erroneous, in that it is based on the assumption that the inflation of house prices during the bubble is a sacrosanct 'achievement' that shouldn't be upset by 'not-so-innocent-houses' suddenly trading at their actual market value. no bubble deflates peacefully - least of all one that is built on the biggest expansion in debt the world has ever seen. # # @political polls -- trotsky, 15:35:25 06/18/07 Mon "NBC News anchor Brian Williams said they indicate a “volatile period in modern American history,” in which the mood of the population has turned “decidedly grim and downright angry.” NBC Washington Bureau Chief Tim Russert remarked that the polls showed “it’s churning out there.”" this proves that the bear market in social mood never ended - which goes hand in hand with the stock market remaining in a bear market in real terms and in terms of valuation (p/e ratios are in a secular down trend since 2000). the nominal price gains in stocks since 2003 are likely due to inflation alone. # # @pm stock sentiment data -- trotsky, 15:28:04 06/18/07 Mon the post expiration XAU put/call open interest ratio has clocked in at 1.63 - this is the one of the highest readings of the past 7 years. it is well beyond the upper boundary of the normal bullish spread (1.10-1.45). needless to say, this is quite remarkable and must be considered bullish. the cumulative Rydex pm fund cash flow ratio currently stands 127 points - about 11 points above the recently recorded multi-year low. thus the slight bullish divergence between this ratio and the fund's price has been preserved so far.