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

To: ChanceIs who wrote (159967)	10/25/2008 9:12:37 AM
From: Giordano Bruno	Read Replies (2) \| Respond to of 306849

Cerberus to cut 5000 jobs. Hedgefunds will be hedgefunds.

To: ChanceIs who wrote (159967)	10/25/2008 11:16:59 AM
From: Think4Yourself	Read Replies (4) \| Respond to of 306849

This action by CALPERS is a trend one could reasonably expect to continue through at least the end of the year. How many other funds made gambles that this would be over quickly, and are now being forced to sell assets at steep losses? Assets include stocks, commodities, and real estate. There is no chance we are at a bottom until this sort of thing ends. It doesn't matter how "oversold" things are. These funds will sell right into any rallies, just as they have been doing, because they have no choice. As we continue to go down, and as time goes on, more funds will be forced to do what CALPERS is doing. DJIA in 6000's by year end? Sounds ridiculous now, but two months ago the DJIA was at ~11,500. Who would have thought we'd have seen the 7000's already? I am not convinced that we will avoid entering a depression, especially as we continue to borrow billions to fund a war our leaders started with lie upon lie.