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Re: gfp927z post# 25637

Friday, 05/08/2009 5:51:03 PM

Friday, May 08, 2009 5:51:03 PM

Post# of 49977
thx for the warning.. not a long term play.. I have a pretty tight stop loss ... looking for some profit taking on the financials on Monday.. most of the runup was a flight from tech to something to keep $$ in the market. .. 6% is all I am looking for..
The stress tests were a joke, and refinancing is all that is driving any sales for banks.. .. Eventually, everyone that can is going to be under 5% APR on their mortgage .. then what? 1 1/2 years worth of inventory (calculated at the last 5 years moving average .. probably more like 2+ years of inventory), and all the toxic assets being sold lowering tangent homes prices.. 10% unemployement.. those folks need to start selling .. speculators aren't buying antime soon ..
I'm so glad I have rented over the last 5 years..

CHeers!
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