Some kind analyst must have explained to ITIC investors that the company didn't really report a loss and that the company would never report a loss again even if it wasn't a real loss because nobody will ever defraud anybody again.
Well, I have to be off to Neiman Marcus to buy myself a new pair of rose colored glasses.
I sold my little old house in Orange, California on September 30, 2004 for $498,000. It is now back on the market with an asking price of $375,000 and they want 20% down, or $75,000. When I drove by I didn't see a long line of potential buyers with cashiers checks in hand.
The housing price problem and the credit crunch lives. Patience! Patience!