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

To: John Koligman who wrote (119924)	5/1/2008 1:17:13 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

IMHO this is the time to go short, during the squeezes. Having been 90% in cash for the last few weeks I have been shorting all day, and plan to continue doing so tomorrow if it hasn't run it's course. There is some good coin to be made off of this afternoon's prices. Look at volumes. No conviction whatsoever. This is purely a short squeeze.

To: John Koligman who wrote (119924)	5/1/2008 1:28:33 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

The view from a sleaze ball... Economy Grew in Q1? Only If You Believe in Santa Claus Posted May 01, 2008 10:55am EDT by Henry Blodget From Silicon Alley Insider, May 1, 2008: The recession-deniers were out in force yesterday after the "better-than-expected!" GDP figures came out: See? The economy GREW in Q1! We aren't in a recession! All that horrendous economic and housing data is just media hysteria! Here's what they didn't tell you: First, those are just preliminary numbers. Hold the champagne until the several rounds of revisions are out. Second, 0.6% growth is horrible, especially when you consider that the population is growing at least 1%. On a per-capita basis, GDP was down. Third, as the NY Post's John Crudele explains, the much ballyhooed "growth" was the product of three key inputs, none of which is a sign of consumer recovery (and one of which is absurd): Government spending (deficits), Inventory growth (companies buying stuff to put on shelves), and, most important, A 2.6% inflation assumption Get that? To calculate that the economy grew 0.6%, the government had to assume that inflation was only 2.6%. Anyone out there who buys gas or food occasionally think that inflation is only 2.6%? Didn't think so. Move that inflation assumption up to even 4%, says John Crudele, and GDP in Q1 was down. For the second quarter in a row. Which makes this an official recession. As if we didn't know that already. See Also: A "V-Shaped" Economic Recovery? You've Got To Be Kidding Me