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

To: carranza2 who wrote (270979)	8/25/2010 11:01:51 AM
From: patron_anejo_por_favor	Respond to of 306849

Yeah, the I/O financing absolutely floored me! I'm amazed banks would do that, absolutely nuts.......makes me wanna short regional banks even more than commercial Reits.....<NG>

To: carranza2 who wrote (270979)	8/25/2010 11:03:15 AM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

>>If SRS didn't erode as badly as it does, I would definitely take a look at it for a nice speculative plunge. May do it anyway since the Congressional report Russ cites is very compelling.<< You can avoid the slippage by shorting URE or IYR calls, or shorting some of the major components. I'm short IYR calls currently......waiting for a bounce to add to the position. I think we'll get a decent bounce today, perhaps as much as 1057 SPX. That 1040 level will need a few cracks at it to break (which I think will happen in the next 2-3 weeks in any event).