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


To: bentway who wrote (148998)9/22/2008 1:55:13 PM
From: PerspectiveRespond to of 306849
 
<if you're not losing money you're pretty smart. If you're making money, you're a wizard.>

Yeah, no kidding. Thanks to all for the help and the moral support. I know some of you are doing incredibly well this year. I've made a conscious decision to try to just stay on a basic short-and-hold plan, with the hope that wise sector positioning can help me beat a basic inverse ETF. I'm bruised and battered, and generally feeling like a pinata, but I can say I'm still up double-digit percentages for the year.

I must admit that I'm getting rather frightened now, though. Once we start throwing out the rule book, there's no telling where it will all end. And this global war on short selling is a most dangerous game.

The authorities are trying so hard to avoid catastrophe, and in the process they're making a crash the likely outcome. If you switch the rules often enough and deplete the buyers of last resort (short sellers), you crater confidence among those who might purchase some long positions as well. No buyers left, rigged game, and depression = crash. Fools...

`BC