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


To: patron_anejo_por_favor who wrote (197039)4/20/2009 1:40:13 PM
From: ajtj99Respond to of 306849
 
I typically don't play the 3X vehicles unless I see a very high risk/reward situation.

There have been times during this bear when I've actually had to take a trading day off because SKF, a 2X ETF, was such an intense issue to trade 20-30 times a day a few days in a row that I needed time to chill out.



To: patron_anejo_por_favor who wrote (197039)4/20/2009 2:17:36 PM
From: NOWRead Replies (2) | Respond to of 306849
 
I was just reading a piece posted by Ilargi over on TAE (and from the WSJ) entitled "Bank Lending Keeps Dropping".

"...Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector. According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program..."

OK, please excuse the crass analogy. But here's the deal:

Who's gonna go to a club to get "lucky" if no one uses condoms and there's an outbreak of Herpes (or worse) taking place???

That's what we've got people. Wit the suspension of mark-to-market accounting and with such obvious duplicity oon the part of the banks and the government, only a fool would lend and/or borrow money in the environment. And even though the government has promised to provide the rubbers AND the antibiotics in case you get sick...



To: patron_anejo_por_favor who wrote (197039)4/20/2009 2:31:51 PM
From: MulhollandDriveRespond to of 306849
 
a lot of the info turner put out was cut and paste from martin weiss (who has been tracking failed banks for some time now)...i do find it interesting that treasury put out a formal press release based on the turner 'leak'

quite skittish