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

To: saveslivesbyday who wrote (148032)	9/19/2008 12:26:25 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Those motherf*ckers are selling so hard into this. The volume coming in against the names on The List is huge. The Snake just bought 'em another chance to unload on the public. What a farce our markets are. My last shred of respect for our "capitalist" economic system died today. Sure, you're welcome to short, just as long as you do it in a bull market and lose money. Not when there's a bear market on, though. Must protect the poor, helpless Wall Street Elite. I'm sickened. Absolutely sick. Still trying to figure out what to do. TA says "ignore the funnymentals", and a lot of things hit strong resistance. But we're in uncharted territory with the SEC changing the rules midstream. And with a 10% move in four hours, I'm feeling a little pressured. On the other hand, the regional banks ARE NOW TRADING WHERE THEY WERE BEFORE THE WHOLE CDS/MORTGAGE IMPLOSION CAME TO LIGHT. Covering those feels stupid, but I'm certainly more exposed there than I would like to be. I guess I'll just swallow my pride and trim a few. I'd love to just hedge 'em, but in this environment, I think I should probably just lose some exposure. `BC