We both agree that the housing market in north america is a bubble and we are all familiar with consurmer debt etc and the long term consequence about when this house of cards collapses....but from a trading perspective what i learned is that i rarely use hard mechanical stops but more mental stops and usually do not leverage more than 3 times a position especially for swing trades....my TOL position reached 6 .... and i was averaging the short position up when i could. I learned that i will use hard mechanical stops on all my trades.....and if i were short TOL today the scenario that it could still do a slow steady burn to 100 and do a 2 for one split sounds crazy.....but nobody every said the market has to be rational....R....all the fund managers are sinking their money into the housing sector its been the sector to hide in for the last few years and until long term fixed rates rise appreciably...the game will continue....picking tops is dangerous.
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