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

To: Think4Yourself who wrote (201250)	5/8/2009 10:35:46 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

I've been pushing the double bottom scenario in the DOW for years now based on toxic ARMs coming due. First bottom was this past march. Next one will likely correspond with the 2010-2011...come uppance of the Option, Alt-A ARMS. Right now we are in the interim rally.

To: Think4Yourself who wrote (201250)	5/8/2009 10:49:57 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

better than expected - buy, buy, buy! -lol- when is the next long bond auction? we need to see more weakness to get the die hard IYR longs to wet their pants.

To: Think4Yourself who wrote (201250)	5/8/2009 1:07:11 PM
From: John Chen	Respond to of 306849

"Over a third of their Alt-A loans from 06 and 07 are over 60 days delinquent" Are 'alt-A mortgage' chasers(lawyers) out there ? That's got to be the next growth area. Gov.(aka WS/IB) may have an easy job for you: STOP MAKING YOUR upside-down mortgage. By not paying your mortgage, you're working as an agent for the gov. to transfer money from the treasury. The treasury has Trillions trapped and need your help to keep it flowing. This is similar in nature to those Nigerian emails asking for US citizens help to facilitate the transfer of the trapped money and you take a cut for it. In your case, you're helping yourself and your own gov. and it is easier to verify the validity of the offer. Find and have the lawyer(s) to check to make sure you're qualified as a participant for the money transfer program (or whatever they call it).