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

To: jmiller099 who wrote (98807)	1/3/2008 12:42:43 AM
From: Perspective	Respond to of 306849

Thank you. I was building a short position against KMX until I heard the Buffett news, and then stopped. There are a couple of guys on this planet that I simply won't bet against. However, I just read today that it wasn't really Buffett that bought KMX, but the fellow running GEICO. If that's the case, I may go ahead and build the position. Auto financing is disappearing just like mortgage financing, and they will suffer. They will also suffer because they've been writing 110% loans to finance people who want to trade cars worth less than they owe. That is over. I would be curious to hear what consumer credit shorts you're targeting. I've got 2/3 of my ACF position, and I'm eyeing COF and CCRT. What else are you looking at? `BC