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


To: Skeeter Bug who wrote (196218)4/14/2009 10:41:19 AM
From: ajtj99Read Replies (2) | Respond to of 306849
 
SRS should keep drilling down through the day today, as the BKX and SPX are recovering from the AM lows quite nicely.

If we do get to SPX 875, we should get a wicked drop into Friday to around 815-825 SPX.



To: Skeeter Bug who wrote (196218)4/14/2009 11:44:27 AM
From: BWACRead Replies (1) | Respond to of 306849
 
Comments?

Those stupid TripleX Financials FAS and FAZ have converged in price to the mid $9's. (Ignoring the inherent slippage risk.)
Why not buy both and wait for the prices to diverge again?

Looking back one month FAZ was $40, while FAS was $4. Total $44.

Buy each one now at $18 total (9+9) and wait for the clown show to diverge back to oh say $44?

Who cares which one goes up or down. Just so they diverge again.