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<p>So to be clear, the market is temporarily stabilizing? Or is it stabilizing in its temporariness? </p> <p>Either way, its a good time to Buy <strong>OR</strong> Sell, right? <strong>Right?!</strong></p>

<p><a href="http://www.msnbc.msn.com/id/20603560/">Pending home sales hits 6 year low. Lowest since the index began in 2001.</a></p> <p>What does Lawrence Yun, the NAR chief economist, have to say about it? "<strong>It's temporary!</strong>"</p>

<p>From RealMoney as far as domestic sales:</p> <p><strong>"Sales of domestically-produced cars are running at a pace of close to 13.0 million, more than a million more than expected and the best pace since last September, with about 80% of manufacturers having reported thus far...

<p>Nice info, but I hate these single data point charts. One wants to put faith in them, but it's n=1.</p> <p>In fact, that the red line has already surpassed the past highs invalidates the thesis more than supports it.</p>

<p>"if you HELOC'd yourself into trouble, you are out of luck. "</p> <p>I don't know about that. Net everything (ie. equity, mortgage, HELOC) you could be negative. But a HELOC isn't a mortgage so technically you could still have equity in the house and qualify for this. Or no?</p>

<p>How about, for balanced reporting, doing a video about all the folks who are stuck renting and aren't attaining the "american dream" because affordability is at an all time low. </p> <p>Or is it that foreclosures is now the hot topic and cops with guns drawn and furniture on lawns make...

<p>Maybe just maybe this has something to do with it...</p> <p>MEW = Mortgage Equity Withdrawal</p> <p><img alt="" src="http://www.itulip.com/images/MEW+Kennedy+Greenspan+Q107SM.gif" /></p>

<p>awgee,</p> <p>>>>Is is the health of the economy as the MSM likes to say.<<<</p> <p>Not only the MSM, but didn't you say this a month ago as well?</p> <p>>>>The Feds number one concern is the economy, not the dollar or inflation.<<<</p>

<p>President Bush on the tube saying the economy can "weather any turbulence."</p> <p>I guess our country is screwed...again...</p>

<p>>>>What would you like them to do?<<<</p> <p>It's not what I'd like him to do. It's what he has and has <em>not</em> done or said so far.</p> <p>Just like they manage inflation expectations, they have now acknowledged the housing and credit problems and are managing expectations of rate...

<p>Wow, this forum has definitely lost it's luster in the past week. I guess all the pertinent stuff has already been discussed and archived?...</p> <p></p>

<p>This was indeed a box-spread trade. From Steve Smith at RealMoney:</p> <p><strong>>>>Much has been made of the large and unusual, open interest that has appeared the S&P 500 index options as discussed in this morning's </strong><a...

<p>With the bounce in the equities market this week and last, you still had very strong demand at the treasury auction. You wouldn't expect money to be flowing so strongly into treasuries while the market is bouncing strongly. </p> <p>>>>It may be indicative of their desires, but I don't...

<p>IR - are you still steadfast in your view that the Fed won't cut rates? And that they are actually more likely to <em>raise</em> rates than lower rates?</p> <p>IMO, it is almost a given that the Fed will lower the Fed Funds rate. The Fed knows that the markets are discounting a rate cut...

>>>I, for one, would never wish that 62,000 people would be sent to the unemployment lines. <p>I don't think any good will come of it.<<<</p> <p>They were hired under capitalism, they could very well be fired under capitalism. </p> <p>Plenty of good will come of it. It is just long term...

<p>>>>My co-worker's sister works for CW REO dept in Texas. They are getting over 500 new REO's a week and the number is climbing.<<<</p> <p>lendingmaestro - if you get a chance, try to ask her what their plan is for handling all these REOs. i still hear of many short sale offers getting...

Marty - No matter how confident IR is, or any of us for that matter, it is still called an opinion.

<p>But I can't imagine how many years and years of future demand the 2002-2006 housing boom pulled in. Not only did you have low interest rates, you had teaser and fraudulant loans as well. So you have future demand taken away, in addition to the time it will take to repair all this damage...

<p>This is a shitstorm. And it does <em><u><strong>not</strong></u></em> include the mortgage collapse in July & August.</p> <p>If I were in the foreclosure department of the banks, I would be asking the higher ups, WTF are we doing about this? Well, I'm not, and I'm still asking...WTF are...

<p>Go here for Countrywide Foreclosures:</p> <p><a href="http://www.countrywide.com/purchase/f_reo.asp">http://www.countrywide.com/purchase/f_reo.asp</a></p> <p>Chart for California:</p> <p><img alt=""...