that whole bounce looks corrective.
shorting tol
Started by
Tor
, Jan 04 2007 11:32 AM
1 reply to this topic
#1
Posted 04 January 2007 - 11:32 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
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.