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

To: 10K a day who wrote (93901)	11/6/2007 8:50:00 AM
From: Think4Yourself	Read Replies (4) \| Respond to of 306849

We are near the bottom with subprime ARM adjustments peaking last month. Foreclosures should peak in the next 4-8 months. I am guessing probably in May when the spring selling season fails to materialize again. The government is also getting involved and the banking industry is finally reacting to events. The stocks may continue to go down but the "shock value" of news has peaked and is coming down. Bad news is no longer being met with big selloffs. Doubt I am early on TMA but it is certainly too early to buy companies with subprime exposure. The commercial paper markets are recovering but there are still a lot of shoes to fall for those holding (and hiding) their subprime losses. Fully acknowledge that TMA may suffer from throwing out the baby with the bath water but if that's true I'll just buy more. What I like most is that everyone is short these stocks right now, and very few of the newer shorts really understand what is happening out there. If they did they would have been short last year and made the big money, instead of shorting near the bottom when the news finally came out in the media.