San Diego Housing Market News and Analysis

Didn't these guys just come out and say they have a bunch of cash and could weather the storm??? Now they say their future is uncertain! Sometimes the market will shake these things off but this one is a whopper if they get into real trouble. I don't know how it will finish but the Nikkei is down over 400 right now. This is getting ugly.

Tomorrows shopping list: Gold, Ammo, Gold Ammo, Rice, Gold, Ammo.

This really isn't news, and I sure as heck wouldn't buy gold at this point. The troubled hedge funds are liquidating across the board, there's no safe haven in precious metals.

HereWeGo, what are you going to buy? Gold has always had some value.. I'm concerned about the dollar being like a new international peso.

Not news? -13% in AH..

http://biz.yahoo.com/ap/070809/countrywi...

Looks like Mozilo just dumped a bunch of stock yesterday. Makes ya wonder...

There is a lot of chatting going on about this in the broker circles, check this out:

Broker forum

This isn't looking good at all but then again is this a surprise to any of us? Wall St. pulls the plug who the hell is going to finance these loans? It's not magic you know...

Angelo knew damn well they were going to lay an egg after the close today and he's got to keep that glow going. Most of the better tanning bed bronzing lotions are in the $40 a bottle range, a man's got to have his priorities.

With the lenders running for cover does anyone have a clue why the builder stocks are climbing? How are these two industries unrelated.

It looks like a typical 10-Q statement of fairly obvious risks. Last Friday, as the secondary market started to collapse, everyone understood that the forward earnings of lenders could take a hit. Don't get me wrong, no way would I be long CFC at this point, but there are 45 million shorts shares against CFC, if any of those hedge funds struggle, they will cover their shorts and push up CFC. Be careful, this is a really weird time - note the ludicrous gain of many weak stocks across the board due to short covering on a 400 pt down day.

anx-
If asset classes are deflating, that increases the value of the dollar, for the near term, at least.

O.K. that answers it, regarding the builders I just saw a report that Beazer and HOV had huge short positions, Beazer was over 55%, the bounce can be explained by the short positions covering and profiting, shorters as opposed to fundamentals are now driving the market, crazy world. Since i failed to make big bucks in the short positions at some point even that free money will end, do I get to bail out the last attendees to the short market party too. It's frightening to see Asian and European markets tank over some bad loans in CA and FLA, my neighbor pays too much for his house, gets a heloc hummer and a new rack for his wife causing some guy in Japan loses his retirement savings, this world is so crazy if they sold tickets to it, I'd buy two.

Housing stocks taking it on the chin this morning, all is right with the world again and the crazy pills have worn off.