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


To: MulhollandDrive who wrote (182270)2/6/2009 9:33:51 PM
From: ChanceIsRead Replies (1) | Respond to of 306849
 
>>>The builders will eventually move lower, as most of them will be out of business.<<<

Yes Sir Ree. Taking a look back at the ZION graph is instructive. It got a big boost former SEC Chair Chris Cox decided on a whim to ban shorting the banks - ran from $25 to $52 - and has since hit $12. I think the builders will hit new lows. Someone here keeps insisting that one or two of the big ones will go bust.

>>> Obama is not only a hypocrite, I think he is a psychopathic liar. <<<

I think that you are being a little hard on the guy. Let me put it this way - this may not be pleasant but it is extremely illustrative. In high school, my biology teacher kept a boa constrictor. Once every week or so, he would feed it with a live mouse - just drop it right into the boa's glass cage. You should have seen the look on that mouse's face as it stared the boa in the eye and figured out that it was about to get chomped. I think that that is where Obama is now. He is just beginning to recognize and face the reality of the horrible economy that "W" and the bankers have left behind. It seems to me that all he is doing is pressing the Keynesian panic button and cheerleading. I bet he wished he never took the job.