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

To: tejek who wrote (262155)	7/19/2010 7:40:12 PM
From: TH	Read Replies (1) \| Respond to of 306849

tejek, <Well if its financial disaster you want, we may get there yet.> I see. It is about what I want. Telling. GT TH

To: tejek who wrote (262155)	7/19/2010 8:54:12 PM
From: Perspective	Read Replies (3) \| Respond to of 306849

I don't think most of the bears here want financial disaster. What we want is a return to investing, to the responsible caretaking of capital by the supposed protectors of our national capital. I happen to believe that will require the destruction of a great deal of the status quo. Many of our most powerful and their counterproductive practices must be thoroughly discredited and expunged from Wall Street. The credit addiction only grows worse with each crisis that is papered over in a foolish attempt to subvert the economic cycle. We hope for a moderate case of delerium tremens now as opposed to a fatal variety a few years hence. Nowhere have I seen it put quite so eloquently as in one of John Hussman's recent letters: hussmanfunds.com If our only response to excess consumption is to pull out all the stops trying to "stimulate" consumption every time it falters; if our only response to reckless lending is to defend the bondholders every time their poor allocation of capital threatens to produce a loss for them, then quite simply, we will destroy our economy, our future, and our standard of living. The last thing I want to be is a cheerleader for the bears here. But quite honestly, it's difficult to envision a return to long-term saving, productive investment, and thoughtful allocation of capital until - as happens every two or three decades - the speculative elements of Wall Street are crushed to powder. Amen. `BC

To: tejek who wrote (262155)	7/19/2010 9:07:35 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

PS Bear markets suck. I hate short selling. It's the most challenging, frustrating, nerve-wracking way to earn a return on my savings I've ever known. But when every idiot on Wall Street seems hell-bent on destroying the economic system for their own personal gain, the only rational response I have found is to wait for countertrend rallies to sputter and then "sell stupid". I've been doing it since 1999 with varying degrees of success. Everyone's extrapolating a typical economic recovery coming out of a garden-variety recession. For anyone that understands the atypical underlying forces at work here, it is obvious that there will be disappointment. People act like the housing market can be "fixed." The "fix" for overpriced houses isn't buyer credits, it's lower prices! The "fix" for too many houses isn't government aid to homebuilders, it's to stop building the gddamned things! It would seem that Europe has tested and found the limit of what they can continue to prop up via government intervention, and our leaders in the U.S. seem to be listening attentively. In the absence of extraordinary stimulus, we're likely facing a double dip. Since that *** Bernanke continues to steal from anyone who would seek safety for their savings, I have found no alternative other than reversing "buy low and sell high" into "sell high and buy low." `BC