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To: Sober who wrote (55273)	8/24/2007 11:13:45 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

We are still many months from the bottom in real estate; a fact I am counting on since I may be a buyer in a recently bubbled market that is just starting to slide over the edge in price reductions. Happiness is cash, time and good credit in a bad credit crunch. As for the overall market, this week was very different from last week. Hard to believe it was just temporary when the core issue in all this is the functioning (or not) of the credit markets. As long as that engine is not seizing, it's unlikely the panic selling will resume. A serious economic slowdown going forward could start another leg down. But it won't be solely the result of this big fund cluster f*&^ that grabbed everyone two weeks ago.

To: Sober who wrote (55273)	8/24/2007 11:52:46 PM
From: Spekulatius	Respond to of 118717

When the market sentiment is far worse then the market performance, I tend to be bullish. The market likes to rise through a wall off worry. It helps that my personal portfolio is only 2.5% of the heights from this year. "...if we get a few more weeks of calm like this week..." My guess is, don't count on it. There are too many problems yet unresolved. Just because the CEO of Countrywide or a hedge fund trader who lost his shirt says there is going to be a recession does not mean there is going to be one. In fact if those folks could predict the future they would not be in the calamities they are in right now. Instead of worrying about subprime and recessions, I try to identify profitable trading opportunities and position myself in the right stocks long term.