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Direxion Daily Financial Bear 3X ETF Message Board

  • SecretGeek SecretGeek Oct 3, 2010 10:42 AM Flag

    Home Sales Will Crash

    Why would any buy a home if they can't trust the legality of the paperwork?

    Much less risky to rent.

    This can lead to bank runs as they start dropping like flies, once FDIC becomes insolvent.

    So what do you do?

    Buy a bank index?

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    • Here is the ideal situation:

      The reverse of expectations occurs to shake out the path. Banks show strength, and big boys establish short positions, support the bank bids, while they are net sellers trying to convince the bull crowd to buy banks.

      The deception is very important or they will lose.

      For example, Warren Buffet has 300,000,000 shares of Wells Fargo. He will lose $3B is price moves down 10 points. Sovwhat will Warren likely do? He will come on CNBC and explain how there is nothing to worry about.

      You see, you have to read between the lines while looking at the big picture. Retail guys and girls have the advantage because we can liquidate one stock quick. It may take the enemy a month to liquidate one stock.

    • I will go one step further out on the ledge...

      When home sales crash thereby placing margin pressure on banks, credit card rates and fees will skyrocket.

      This will lead to another crisis.

      People will want to pay their bills off every month which comes out of the economy as an opportunity cost.

      Hunker down.

      Buy toilet paper to wipe and matches to light fires.

    • wanttobeamillionairefromstocks wanttobeamillionairefromstocks Oct 3, 2010 11:19 AM Flag

      I honestly believe the people who are affected due to foreclosures should sue the banks involved. There is so many TARP money flowing around, some needs to go to them also not all to Banks.

    • Lol what a stupid post

      first if they stop foreclosure these houses are not avaible for sales are they?

      Second there is also people that are not under water on their mortgage

      third lots of banks are during short sales which has no affect on foreclosures

      four mortgage rate are recond low

      any other question?

      You are buying the headlines and not looking at the big picture

      a very small % of the overall housing market are affected by this

      btw it is better for the bank and the owner to take a short sale instead of foreclosure

      go to realtor com search under you zip code and see all the short sales listed.

      Very little % are foreclosures

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