Replies to post #27733 on Your Economy (No Politics) (YE1)

[up-down]

no good. All we are are spectators.

All these problems are the result of no-bid MBS (Mortgage Backed Securities) How does one change that?

Developers are clearing the woods, surveying lots preparing to build more houses in my area - I guess they don't have time to see how the big picture is developing.

I fear a huge black day in the market (like BSC today) unless someone can STOP the foreclosures and therefore create value again in MBS's

[otraque]

Out side of being 20% commodity invested, i will be ALL cash.
Those that enter now, feeling pressure to make money run the risk of losing a great deal of money, that is unless one is an experienced trader that knows all about stops and have a quick trigger finger, because if they don't the volatility could wipe them out.
This market is in serious trouble, the most serious i have seen in my lifetime

The time to buy is after one can see the crater, and the dust rising from the fall.

The volatility will be so wild, it would be treacherous even to short this market unless one has VERY DEEP POCKETS that can hang tough and manage to hold on until a real bottom is found,imHo

The PWG's relentless drive to stall and stall makes this situation more and more dangerous as time goes by.

That post "OverDosed" was a great read..Max