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


To: TH who wrote (282807)10/12/2010 1:35:46 PM
From: patron_anejo_por_favorRespond to of 306849
 
The one cautionary flag I'd raise is if Ben decides that in this round of QE he's "buying a round for the house", i.e, buying assets other than debt. With that much short interest it could get ugly until the squeeze settles out. I'm not tremendously long here (except for dirts), but I'm not pushing the short side yet. Maybe after New Year's.......



To: TH who wrote (282807)10/12/2010 1:49:33 PM
From: James HuttonRead Replies (2) | Respond to of 306849
 
Shorts not capitulating could be a sign that the top is not in yet.

I'm still holding SPY shorts, but I've taken some profits in commodities.

Biggest position today is TBF. Getting closer to the day of reckoning. Failed long auction. We'll see what the fed had to say. They finally seem to come out of the ivory tower long enough to know that the entire world is front running QE2.



To: TH who wrote (282807)10/12/2010 2:12:49 PM
From: PerspectiveRead Replies (2) | Respond to of 306849
 
I see there was a harrowing 20 minute selloff this morning. <S> Of course it's all better now. Smells *exactly* like 1999-2000. Fifteen minute buying opportunities a couple times per week, otherwise everybody just assumed it was straight up thanks to the boneheads fuking up the money supply. Morons making the most important policy decisions in the world, yet completely removed from the political process and the reach of the electorate. That used to be a good thing, not so these days...

`BC