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


To: Jim McMannis who wrote (98075)12/21/2007 10:58:16 AM
From: SouthFloridaGuyRead Replies (2) | Respond to of 306849
 
I think the world changed in August. Smart money is bailing out near the highs. I consider myself smart.

I ask again, is it better to be bearish for the last 3 years and miss the party, or recognize that the rules have changed and get out with good gains - and in fact now I have a net short posture.

It's going to feel like hell in the next 6 months if not longer.



To: Jim McMannis who wrote (98075)12/21/2007 11:54:51 AM
From: John VosillaRespond to of 306849
 
'Man, you sure changed your outlook over the last 3 months.
Cramer must have been right. It's bad up there in NYC'

This is a very strong seasonal time..Santa Clause rally and still the third year of the election cycle..most stocks have gotten destroyed in recent months..boy have hard core bears gotten greedy..those dudes in the ivory tower only have a few days to paint the tape till year end bonuses

Think in the big picture..how low can the DOW really go given where the PE is relative to how low the 10 year treasury and the negative interest rate environment in the face of inflationary trends and high broad money supply growth plus record low US dollar..6.6% yield versus 4.1% risk free rate versus 18% broad money supply expansion..can't get away with this forever either<g>