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

To: chainik who wrote (287988)10/31/2010 4:18:24 PM
From: pstuartbRead Replies (2) | Respond to of 306849
 
Been thinking the same thing. Sentiment often becomes a game of guessing about what the other guys are guessing about what somebody else is guessing about.

Sell the news seems reasonable, but if a big QE2 announcement is baked in, is a sell the news reaction now so widely anticipated that it's also baked in?

Cue the Morton Salt girl...



To: chainik who wrote (287988)10/31/2010 9:10:32 PM
From: skinowskiRead Replies (1) | Respond to of 306849
 
all of them are expecting some kind of correction ... but consensus even among reasonable guys is disturbing :)

Maybe there is a fake move higher first?

...or the resumption of the Bear, rather than a mere correction. Very few people entertain this possibility nowadays, mostly permabears - and a scattering of Elliott Wave addicts.... :)


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