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

To: Smiling Bob who wrote (85891)	8/17/2007 12:14:46 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I think this mornings action simply reduced the odds of a dramatic stock market crash. The bears are wounded and aren't as likely to go charging after a falling market.

To: Smiling Bob who wrote (85891)	8/17/2007 12:23:45 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

but it won't hold and they can cut to zero, like BOJ, and get nowhere doing it. i suppose a huge rate cut would bail out the ARM resets, i don't know.... anyway, i thought subprime was already contained<g> seriously, let's take 'subprime' out of the analysis, it's old news, what we have here is an asset bubble of historic proportions (housing) which reaches far beyond sub-prime borrowers, the countrywide bailout is just to keep them solvent.... look for more bailouts to come