Can we have XLF around $24-$25 range in next two months
I think very possible,but what could be trigger. A sense that home prices are not falling more which may be true.I was trying to buy a house ,but price has moved little more than 3%-4% in last month.It had fallen 25-27% in last 2 - 3 years. So My sense is where ever it has hit hard ,prices have gone little up or same (not going down). But pockets where it has gone down little ,it may go down little more(5%) if it does not belong to great school district.
What you have is a mirage. Your seller is in denial in that home prices are going even lower. Also, you think there are less people in trouble with their mortgage. Remember, Fannie Mae and Freddie Mac bailed out those irresponsible borrowers due to the politicians behest. Now, that those same borrowers have defaulted----Fannie Mae and Freddie Mac are in deep trouble. You as the taxpayer as well as us will all pay for this new mess courtesy of your corrupt and inept politicians. What politicians are doing is just delaying the inevitable until you vote for them. Election is just 4 months ahead. While, not all of them are running for re-election, a number of them are! Why do you think the politicians are trolling for votes?
Don't keep dreaming about FRE/FNM fall for your 100 shares of short position. These things lead to fall of country(like russia) ,your job and kids on street. Think positive and positive will happen with you.