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


To: bkcraun who wrote (103814)2/7/2008 10:33:44 AM
From: Smiling BobRespond to of 306849
 
Seeing intense volatility in individual issues again. The mkt likely to follow suit.



To: bkcraun who wrote (103814)2/7/2008 10:34:34 AM
From: Smiling BobRespond to of 306849
 
This message was so much like the previous one, I deleted it.



To: bkcraun who wrote (103814)2/7/2008 10:35:47 AM
From: Think4YourselfRespond to of 306849
 
Rally until Monday? That long? I was figuring it would last until about 2 PM

We are getting pounded by bad news on a daily basis now, sometimes multiple times a day. The market is doing its best to find the silver lining but that lining is getting thinner and thinner with each new piece of news. Rallies are getting shorter and shorter. People desperately want to be optimistic but the cruel reality is starting to sink in.

I am just so happy not to be one of those overleveraged housing speculators on the verge of losing everything. Credit standards have gotten pretty strict, closing the door on options that were available just a few months ago. Even the final door, credit cards, is in the process of closing right now.

It's depressing but I can find a silver lining. Americans are going to learn what the words "financial discipline" mean. Maybe this is a good thing in the long run.