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

To: Les H who wrote (171903)	12/17/2008 8:46:37 AM
From: Les H	Read Replies (2) \| Respond to of 306849

Cramer: Bernanke's Redemption Well, it took him long enough. Finally, Federal Reserve Chairman Ben Bernanke seemed to recognize just how dire the market and the U.S. economy is right now. Instead of meager interest-rate cuts and talk of inflation, Uncle Ben – now a term of endearment, Cramer said Tuesday – slashed those rates and promised to keep them low. And he recommitted to his plan to buy mortgage-backed securities as a way to bring down mortgage rates. Cramer was, of course, ecstatic. This is exactly what he’s been calling for since his infamous “They know nothing!” rant on Aug. 3, 2007. The Fed’s move was so bold that he’s confident that his housing-bottom prediction for the third quarter of next year is virtually guaranteed. And the willingness with which the Bernanke seems ready to throw money at the problem – any amount of money necessary – has opened the door for the lending and borrowing that is so essential to a properly-functioning market and economy. Banks will open their coffers. Mortgage money will be available. So how does an investor take advantage? Buy the early-cycle plays, like Fortune Brands [FO 41.20 --- UNCH (0) ], in anything housing or housing-related, Cramer said. He thinks mortgage rates could drop as low as 3.5% now, so homeowners should refinance and spend that extra money. Renters should consider buying a house. Buy a bank, too. JPMorgan Chase [JPM 32.35 --- UNCH (0) ] was downgraded Tuesday – use that as an entry point. Buy Wells Fargo [WFC 29.78 --- UNCH (0) ] on the potential for its mortgage portfolio to turn around. Or go for Goldman Sachs [GS 76.00 --- UNCH (0) ], which has cut wages by 50% and is ready for a rebound. The bottom line here is that the Fed has signaled it is ready to do anything that’s needed to save the markets and the economy. So now a recovery can happen. Anyone out there who still doubts Cramer’s change of heart, that we don’t have to worry any longer about another Great Depression? Click here for video. youtube.com

To: Les H who wrote (171903)	12/17/2008 9:27:33 AM
From: Poet	Respond to of 306849

Hi Les, Ordinarily, a piece on the relative tastiness of human flesh would be the freakiest thing of the day on this thread, but my vote for scariest post is the one made by Chancels, which reported the trend of dropped car insurance policies. Another perfect storm's coming: Aging baby boomers without auto insurance or adequate health care coverage living in their cars. <ng>