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

To: The Reaper who wrote (147782)	9/18/2008 3:51:43 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

I'd like to think it was, but there's still a root problem in the economy. The only thing that may be for real is that the banks are feeling much more comfortable returning to their drunken ways knowing the Fed is always there. I'm adding puts We may give this back and I'm expecting some sideways action +450 isn't sideways

To: The Reaper who wrote (147782)	9/18/2008 4:18:17 PM
From: Peter V	Respond to of 306849

all I know for sure is that tomorrow should be very interesting.

To: The Reaper who wrote (147782)	9/18/2008 4:46:09 PM
From: Perspective	Read Replies (2) \| Respond to of 306849

Congratulations to those who had the cojones to step in and buy this thing. You are sharper than I am. I try as hard as I can to apply smoothing functions to everything, to ignore short-term swings, but this one really hit hard. I really don't want to be swinging back and forth on a daily basis, so I've tried to stick with the trend. That got me run over today. COF at $55?!? It was there almost a year ago, before delinquencies even started heading up. WFC new all-time high. We don't care HELOCs evidently. There sure are some sharp traders around here. Wish I included myself in the bunch. At least I've left myself plenty of buffer on the exposure, and added at moderately good prices. I am absolutely awestruck. Dumbfounded. UFB. Just UFB. We're sabed!!! <S> `BC