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

To: microhoogle! who wrote (248580)	5/18/2010 12:08:48 PM
From: ChanceIs	Read Replies (3) \| Respond to of 306849

Read my Niall Ferguson post - my heavens he is good. Consider selling some more TBT calls given Ferguson's comment: It will surely be at least a year before investors wake up to the fact that the fiscal predicament of the United States is actually worse* than that of the euro zone.* It is not for nothing that we are super short Treasuries through the TBT. But the timing. Always the timing. I think it a lock that as long as the Euro crisis continues - and I join Ferguson in predicating the inevitable collapse of Greece - that we will have a flight to safety to the buck - "The most handsome horse at the glue factory." I place some weight in the TBT support formed during the Lehman crisis. People were terrified then. Will that fear return with the next series of crises? I think it safe to figure a double time premium play on selling the TBT puts with the increased volatility. Being a minor Tolkein junky, this reminds me of the scene in the "Prancing Pony": 'Are you scared?....'Not nearly enough.'