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

To: Think4Yourself who wrote (157073)	10/14/2008 11:30:20 AM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

did you go all in??

To: Think4Yourself who wrote (157073)	10/14/2008 11:40:00 AM
From: The Reaper	Read Replies (1) \| Respond to of 306849

Oil needs to stabilize if this market is going to have a chance, financials included.

To: Think4Yourself who wrote (157073)	10/14/2008 12:23:20 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

A good play at today's open woulda been long UYG, long SDS....<G> To mimic what the PTB's are doing to the economy.

To: Think4Yourself who wrote (157073)	10/14/2008 3:09:05 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Roubini Sees Worst Recession in 40 Years, Rally's End (Update2) By Eric Martin and Rhonda Schaffler Oct. 14 (Bloomberg) -- Nouriel Roubini, the professor who predicted the financial crisis in 2006, said the U.S. will suffer its worst recession in 40 years, causing the rally in the stock market to ``sputter.'' ``There are significant downside risks still to the market and the economy,'' Roubini, 50, a New York University professor of economics, said in an interview with Bloomberg Television. ``We're going to be surprised by the severity of the recession and the severity of the financial losses.'' The economist said the recession will last 18 to 24 months, driving unemployment to 9 percent, and already depressed home prices will fall another 15 percent. The U.S. government will need to double its purchase of bank stakes and force lenders to eliminate dividends to save them from bankruptcy, Roubini added. Treasury Secretary Henry Paulson said today he plans to use $250 billion of taxpayer funds to purchase equity in thousands of financial firms to halt a credit freeze that threatened to drive companies into bankruptcy and eliminate jobs. ``This will be the first round of recapitalization of the banks,'' Roubini said. ``The government has to decide to intervene much more directly in the provision of credit and the management of these companies.'' U.S. stocks rallied the most in seven decades yesterday on the government plan to buy stakes in banks and a Federal Reserve- led push to flood the global financial system with dollars. The Standard & Poor's 500 Index rose 12 percent. It gained as much as 4.1 percent and fell up to 3.1 percent today. `Really Tanking' ``The stock market is going to stop rallying soon enough when they see the economy is really tanking,'' Roubini added. The U.S. unemployment rate stood at a five-year high of 6.1 percent last month. Home prices in 20 U.S. metropolitan areas fell 16 percent in July from a year earlier, the most since records began in 2001, according to the S&P/Case-Shiller home- price index. Bank seizures may push home prices down further, scaring away buyers in coming months, after U.S. foreclosures rose at the fastest rate in almost three decades in the second quarter, according to the Mortgage Bankers Association. Roubini said total credit losses resulting from the meltdown of the subprime mortgage market will be ``closer to $3 trillion,'' up from his previous estimate of $1 trillion to $2 trillion. The International Monetary Fund estimated $1.4 trillion on Oct. 7. Financial firms have so far reported $637 billion in losses, according to data compiled by Bloomberg. bloomberg.com

To: Think4Yourself who wrote (157073)	10/14/2008 3:22:30 PM
From: DebtBomb	Read Replies (3) \| Respond to of 306849

I think everything is going back to where it came from....1995. The BKX is almost there at 1996 levels. Homebuilders are close behind. Everything else should follow, IMO. Dow about 3800, Spx about 450, and nasdung about 800, IMO. Look at this chart....double bubbles by the bubble boyz. It looks like two giant titties sticking straight up. What's worse than one bubble? How about back to back bubbles? I'm trying to keep things simple....how can anyone think that the same people that got us into this mess, know how to get us out? LOL. bigcharts.marketwatch.com