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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 (215702)	8/14/2009 12:25:33 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

I guess blood is becoming more scarce.

To: patron_anejo_por_favor who wrote (215702)	8/14/2009 12:44:01 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

speaking of draaaaaainage.....looks like colonial bank may have had a serious bit of that going on this week... Posted by Karl Denninger in Banking System at 11:59 One Of Three Down; Is The FDIC Still Solvent? Here we go! Colonial, Alabama’s second-largest bank, is being closed by regulators today, the person said, becoming the largest U.S. bank failure of 2009 after an expansion into Florida saddled the lender with more than $1.7 billion in soured real-estate loans. The FDIC usually waits until the close of business Friday; they must have had a slight problem with withdrawals...... Left unsaid is what's going to happen to the FDIC's deposit insurance fund on this one - my guess is that it will be ugly, as these guys were up to their necks in Florida on development projects that went bad. The "value" of that paper may be very close to zero; if the FDIC avoids doing one of their 40% loss deals I will be quite surprised. A 40% loss on this one would, if my math is right, kill the rest of their insurance fund plus quite a bit and put the FDIC in the position of immediately needing to go hit up Treasury for more money. That ought to be good for confidence, right? Oh, there are two more on the "you're dead" list that I've been talking about for a while: CORUS and Guaranty, both of which have said they (as of last filing) have a negative Tier Capital Ratio, meaning that they are formally underwater and IMHO should have been seized months ago. But don't worry, Treasury has an infinite credit card to keep funding the FDIC with, right? "Heh Mr. Chinaman, can you spare an extra trillion - or three?" Facebook One Of Three Down; Is The FDIC Still Solvent?

To: patron_anejo_por_favor who wrote (215702)	8/14/2009 1:18:33 PM
From: Galirayo	Respond to of 306849

The HUI has one of those Big Top Tent things that may be in play here. Qualify as a H&S ?? It's Symmetrical in "Time". stockcharts.com

To: patron_anejo_por_favor who wrote (215702)	8/14/2009 2:40:01 PM
From: orkrious	Read Replies (2) \| Respond to of 306849

Pretty impressive drainage on the HUI today.... The HUI is down 3% while PoG has been clocked for $9, the spoos are down 1.5%, and the dollar popped a mini woodie. In the past that would have caused a 6% drainage. I think stuff is hanging in there pretty well. We'll see how it does with continued stock market meltage. Meanwhile, two of my three largest holdings, MFN and NGD, are barely red. On Hoye's recommendation I sold a bunch of stuff near the open: SSRI, AUY, and IAG, but I'm still pretty fully loaded. If the stock market stays weak not much will remain unscathed, at least initially. But many of the juniors are still dirt cheap. I'd expect them to show pretty good relative strength.