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

To: damainman who wrote (158155)10/17/2008 3:21:17 PM
From: Smiling BobRead Replies (4) | Respond to of 306849
 
I think the majority of panicked sellers are out.What's more frightening than a historical 43% drop?

There are boats loaded with cash. Any more selling attacks would likely be buffered by the harbor patrol.

We could retest the lows with some geopol event. But how much lower can we possibly go? Worst case scenario is we drift for months or qtrs. Back to a stock-picking, value-seeking market, that's all

edit
As I took my eyes away, mkt flipped over 150 pts.



To: damainman who wrote (158155)10/17/2008 5:06:10 PM
From: patron_anejo_por_favorRespond to of 306849
 
Yes. I think we'll chop around in the broad range between the 10/10 lows and the 10/14 highs for the next few months as a lot of that stuff gets digested and the recession gets worse. I'm waiting on good base breakouts to add further, will just trade around the accumulated core positions for the next several weeks.


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