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

To: patron_anejo_por_favor who wrote (91414)	10/5/2007 4:00:04 PM
From: Perspective	Read Replies (8) \| Respond to of 306849

I'm afraid they're gonna bury me there as well. Thought I was doing OK, short brokers, banks, retail, restaurants, and transports, hedged long with tech. One by one, these groups have joined in the stupidity. Seriously, can we possibly put off this recession AGAIN? We haven't had a goddamned consumer recession since 1990 - we're talking 17 YEARS without the consumer backing off. Unbelievable. I've got a bunch of positions against me with 5% moves! SHLD PMI URBN JNS JBHT WGO MTG MBI NSC YRCW MKTX UHAL ABK JCP WTF? Finance(6), retail(3), and trucking(3) my major wounds today. I'm tired of getting beat up. All the rewards go to the monkeys who chase whatever moves, without any regard for evaluating the value of the cash flows underlying the stocks. I guess my biggest mistake right now is not being completely market neutral - don't have enough longside exposure to hedge the short positions. I just don't know how much I can stomach holding SPX or QQQQ with the runs they've had, with my rational brain screaming "INSANE! INSANE! RECESSION IMMINENT!" Feels like 1999 all over again. Guess it's time to shut it down and take another break. Sure thought the mark-to-reality was on when the mortgage resets started impacting CDOs and hedge funds. Guess I was wrong yet again... BC