Breeze, i didn’t short any of the builders because I am an idiot. I thought about it but I really didn’t think it would go to hell this fast, subscribing to the “things unwind slowly” theory up until a few weeks ago. I completely divested myself from the market a while back except for 401 and 457 stuff, thinking stock markets tank fast, housing markets don’t, further evidence that I should not be allowed access to sharp objects. A bunch of others have been playing against lenders like countrywide and winning big (JWM, capeman and a few others, it was in another post called “betting against the tan man” because the ceo of countrywide, angelo mozilo, is freakishly tan) so i bet they played against the builders and won there too. At this point I worry that it’s too late because some have dropped 75% so there’s not much left to drop. I am probably wrong on this too and next week I will downgrade myself from the standard sized crayons to the really fat crayons that come 8 to a box. Seriously, ignore any and all stock advice from me, I am the epitome of Albert Brooks in Defending Your Life, I came within inches of buying Yahoo in the beginning wussed out at the last second, if I hadn’t followed my gut on that I’d be so rich I’d have a full time employee just to type my blog posts for me while I was fed grapes. Had another one I bought at 4, sold at eight and watched it go to 90, oh yeah and another time a buddy tried to talk me into qualcomm ten years ago but I put in a pool instead, he paid cash for a big house in old scripps on that one. The list goes on and on, it’s a wonder I am not on the corner yelling at passing cars.