Jump to content



Photo

shorting tol


  • Please log in to reply
1 reply to this topic

#1 Tor

Tor

    Member

  • Traders-Talk User
  • 7,647 posts

Posted 04 January 2007 - 11:32 AM

that whole bounce looks corrective.
Observer

The future is 90% present and 10% vision.

#2 jawndissedi

jawndissedi

    Member

  • Traders-Talk User
  • 1,018 posts

Posted 04 January 2007 - 01:06 PM

The next leg down will be driven by banks dumping REOs at prices that undercut the home builders' ability to get rid of their inventory. With both builders and lenders dumping as hard as they can, and J6P already HELOCed to the max, it's gonna get real ugly in residential real estate.
Da nile is more than a river in Egypt.