tag:blogger.com,1999:blog-6492542366661862113.post1953984462905769850..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Sticksave Friday!Jeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6492542366661862113.post-16278290885255286352008-12-12T23:13:00.000-08:002008-12-12T23:13:00.000-08:00MintonGreat points.Its going to be a Grinchmas amo...Minton<BR/><BR/>Great points.<BR/><BR/>Its going to be a Grinchmas among my family this year.<BR/><BR/>We all have agreed times are tough and there is no need to go crazy.<BR/><BR/>I would much rather see jobs saved in a bailout versus throwing money into the giant black hole of Wall St.<BR/><BR/>AIG is a joke. They are nothing but a leech that sucks the blood out of the taxpayers. <BR/><BR/>Lets hope the government starts focusing on creating jobs vs. bailing out a bunch of bankers!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78316725662556639492008-12-12T19:43:00.000-08:002008-12-12T19:43:00.000-08:00Don't even get me started when it comes to the aut...<I>Don't even get me started when it comes to the automotive TARP bailout. I am against all bailouts, but I gotta admit it bothers me that Paulson didn't fork over a measly $15 billion to save 3 million jobs.</I><BR/>---<BR/>I couldn't agree more - I'm against the bailouts too but this seems a bargain compared to the hundreds of billions thrown at Wall St companies (so AIG can have some weekends away in California spas).<BR/><BR/>It's actually heartbreaking to see people on production lines in the smaller companies that feed the big three. At this rate, everyone needs to leave Detroit and we'll just turn it into a lake or something.<BR/><BR/>I think you're right about post-Xmas BKs too - a significant amount of retail is holding on for a shot in the arm that's not going to happen this Christmas.<BR/><BR/>As I keep telling the family, it's going to be a lean, lean holiday this year.James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-39309096316891840812008-12-12T16:35:00.000-08:002008-12-12T16:35:00.000-08:00JohnNope. I held onto it. I just accept the fact ...John<BR/><BR/>Nope. I held onto it. I just accept the fact that its volatile. <BR/><BR/>I will be holding onto that longer term. I will buy more if it gets into the 60's.<BR/><BR/>Commercial real estate is going to blow up and I am willing to take short term pain in order to catch the move down.<BR/><BR/>The hard thing with volatile inverses like SRS is they move up so quickly. You miss most of the move if you try and chase it after it spikes. Its also brutally volatile on pullbacks.<BR/><BR/>SRS was at 295 so I think my entry point is decent at $85 considering all of the bad news that will come out of retail after the holidays.<BR/><BR/>I expect dozens of BK's right after X-mas. Commercial will be feeling a ton of pain as vacancies rise.<BR/><BR/>I am scaling into this one.<BR/><BR/>I will dump FAZ next week. I wanted to stay in there ahead of Morgan/Goldman earnings.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-54716400207243294322008-12-12T15:52:00.000-08:002008-12-12T15:52:00.000-08:00Jeff, so you didn't trade/sell your SRSes today?Jeff, so you didn't trade/sell your SRSes today?Anonymousnoreply@blogger.com