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

To: damainman who wrote (104729)2/13/2008 10:27:52 AM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
I also agree rally will fail. Have repositioned more shorts from homebuilders to other deteriorating sectors. The market has somehow been thinking that the economy will do well after the main support pillar has been knocked out.



To: damainman who wrote (104729)2/13/2008 10:36:43 AM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
Considering what it's based on, which is ...?, it is doomed.
Retailers opened higher because someone? always thinks it makes for a good impression on the rest of the market. Spinning the retail numbers was good just for a few minutes.

The Achilles heel, GES, seems to have lost its ability to confound, being in the red since shortly after the open.
BBY and other retailers following the same course


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