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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: cubsfan who wrote (4772)	1/15/2009 10:28:19 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Thanks. I had the same thought.. that with 1B in fresh money from Apollo and the botchet acquisition put to a rest... but the market does not cooperate, at least for now. Many people mention here, there must be an "O" rallye, but to no avail despite the markets are down 6-7 days in a row. (well I ll soon boot the remainder of SKF and SRS as well. Citi and BAC are down enough).

To: cubsfan who wrote (4772)	1/15/2009 2:45:37 PM
From: RockyBalboa	Respond to of 6370

You see.. its difficult. SRS -7, they are really tools to prop the market at the expense of the poor investor. Despite: Fed's Beige Book on CRE: "Grim and Depressing" by CalculatedRisk on 1/14/2009 03:04:00 PM From the Fed's Beige Book: Commercial real estate markets deteriorated in most Districts. Contacts in the Boston District described the commercial real estate market as grim and depressing, and market conditions continued to deteriorate in Richmond. In the Minneapolis District, a contact noted that the market remained in a downturn that has now lasted more than a year. Commercial real estate transactions in the Dallas District have reportedly ground to a halt. Leasing activity was minimal in the Boston District, continued to fall in the Philadelphia District, and was assessed as ranging from slowing to frozen in the Richmond District. Contacts in the Chicago District reported increases in sublease space. Office and industrial leasing is expected to remain steady through the first half of 2009 in the St. Louis District, but San Francisco reported that conditions in their commercial office market remained exceptionally weak. The New York District reported that Manhattan's office vacancy rate climbed to its highest level in two years. Contacts in the Chicago District noted elevated vacancy rates, and contacts in the Kansas City District expected higher vacancy rates going forward. Contacts in the Atlanta District also anticipate that more commercial space will become available. Reports about commercial construction activity also were downbeat. In the Philadelphia District, commercial construction activity continued to fall. Cleveland reported that construction backlogs have declined for some contractors. Commercial contractors in the Atlanta and Chicago Districts reported declines in building activity and noted that more projects were cancelled or postponed. In St. Louis, contacts in commercial and industrial construction predicted a challenging environment in early 2009. San Francisco reported that commercial construction activity was very limited. Construction-related manufacturing contacts in the Dallas District reported that demand from commercial construction is shrinking rapidly. emphasis added The other sections of the beige book are negative too - but CRE is being crushed.