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


To: Think4Yourself who wrote (145699)9/11/2008 9:27:13 AM
From: MoneyPennyRespond to of 306849
 
I was thinking the same thing. MP



To: Think4Yourself who wrote (145699)9/11/2008 9:31:17 AM
From: lisalisalisaRead Replies (1) | Respond to of 306849
 
I am tempted to close my LEH puts if LEH opens -44% or so like it looks like it will

Also I changed from being long SKF calls to being long UYG puts yesterday, but may close half of those too..I have a feeling SKF will get back close to 200 at some point again, but the volatility is crazy.

Though if I close too many shorts I feel exposed on the long side. Every choice feels dangerous.



To: Think4Yourself who wrote (145699)9/11/2008 9:58:32 AM
From: damainmanRespond to of 306849
 
Spooked? VIx is only about 25! eom.



To: Think4Yourself who wrote (145699)9/11/2008 10:31:07 AM
From: MulhollandDriveRespond to of 306849
 
WM is looking like it's ready to go into receivership....and i'm still trying to wrap my head around the potential effect on the average joe who doesn't follow this stuff like a soap opera...unlike the people here<g>

i think we had a small taste of it with indymac....wamu will be a higher order of magnitude wrt fear...as in bank runs?

(watching the nasdaq sign remembrance of 9/11 is choking me up)