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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (35122)	8/15/2009 12:04:22 AM
From: Madharry	Respond to of 78742

sadly for me, i realized that Corus was an accident waiting to happen with its specialty of making condo loans and i cant remember now why i did not buy puts or short it. Seems to me in like banks are going to continue to go under as real estate continue to suffer. Met a guy pumping gas the other day who told me he relocated to florida and moved back when a promised job failed to materialize. Today I heard on the radio that less people are moving and even less are hiring expensive established movers because of shoestring moving allocations offered by companies. There was I thought a more interesting article by Mauldin that i read indicating that European banks were in even worse shape than US banks because the leverage was much higher 30-1 and that European countries could not print money as easily as the US can. Furthurmore quite a few of the european banks major growth came from making hard currency mortgage loans to eastern european consumers and real estate developers who were now defaulting on the mortgages as their local currencies devalue relative to euro.