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


To: ChanceIs who wrote (185940)2/23/2009 12:58:46 PM
From: ChanceIsRead Replies (3) | Respond to of 306849
 
DOW just cracked below 7,200.

When in danger or in doubt,
run in circles, scream and shout.


Herman Wouk: The Caine Mutiny,

I think that Mr. Geitner prefers yellow stains instead of risking live fire.

I wonder if anybody snithced his strawberries.



To: ChanceIs who wrote (185940)2/23/2009 1:00:15 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
Oooooops. Make that 7,209.

---

You're gonna have to post faster than that!



To: ChanceIs who wrote (185940)2/23/2009 2:10:50 PM
From: PerspectiveRespond to of 306849
 
I still can't believe the consumer sector here. Am I stupid, or are the buyers of these things off their rockers? People are paying 20X forward estimates of BJRI earnings, and those estimates assume net growth in 2009. The majority of their restaurants are in California. Are they really going to avoid the downturn? Really?!?


4 Arizona
39 California
3 Colorado
3 Florida
1 Kentucky
2 Nevada
2 Ohio
2 Oklahoma
3 Oregon
11 Texas

70



`BC



To: ChanceIs who wrote (185940)2/23/2009 3:39:23 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
Hard to recall a time when selling persisted without a noteworthy bounce of any type.
Best day of the last ten was up fifty points
The rest the DOW was either sitting or slipping

Added to GE calls when it "looked" like we'd get some support at 7200. Still think the market's poised for some sort of bounce which could potentially last an entire trading day.
Let's call for tomorrow to regain today's losses + 20 or so.