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

To: Mike M2 who wrote (195692)	4/9/2009 4:22:37 PM
From: ajtj99	Read Replies (2) \| Respond to of 306849

Mike, I posted yesterday the chart set-up on SRS has led to declines of 30-45% on SRS in the past. We've nearly hit the 30% decline level today from yesterday's highs, and we should eventually get to at least a 40% decline.

To: Mike M2 who wrote (195692)	4/9/2009 5:56:39 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

M2, mr market seems to be under the impression that... 1. the only problem with the economy is credit. 2. bank health will increase credit. 3. voila - no more problems in the economy (don't look left or right, though, to avoid the real economy carnage). i think they are dead wrong, but they have more money than i do. this is bubble reaction - the bubble is still in full effect - maybe worse than ever. i doubt it lasts as long as reality has sharpened its teeth and is currently feeding. but these folks aren't too quick on the uptake. they may take the market up as the real economy collapses - so long as "wait'll next Q" fools mr market.