[one_muggle]

I think the bull market if firmly behind us, but the jury is still out if the market will end the year down. (The jury in MY head that is–hey quiet down back there)

It’s funny that the reporting on the current stock market mirrors a little the housing market reporting. We’ve had record bull runs, two, three, four hundred points per day, records shattered almost weekly and the news was as if this was happy but generally expected all along. When it drops a little (and it is still a little) it sounds like a funeral dirge leading us all to selling pencils on the streets.

Main stream news–the proctologist’s view of the world.

-one muggle

[one_muggle]

I think the bull market if firmly behind us, but the jury is still out if the market will end the year down. (The jury in MY head that is–hey quiet down back there)

It’s funny that the reporting on the current stock market mirrors a little the housing market reporting. We’ve had record bull runs, two, three, four hundred points per day, records shattered almost weekly and the news was as if this was happy but generally expected all along. When it drops a little (and it is still a little) it sounds like a funeral dirge leading us all to selling pencils on the streets.

Main stream news–the proctologist’s view of the world.

-one muggle

[one_muggle]

I think the bull market if firmly behind us, but the jury is still out if the market will end the year down. (The jury in MY head that is–hey quiet down back there)

It’s funny that the reporting on the current stock market mirrors a little the housing market reporting. We’ve had record bull runs, two, three, four hundred points per day, records shattered almost weekly and the news was as if this was happy but generally expected all along. When it drops a little (and it is still a little) it sounds like a funeral dirge leading us all to selling pencils on the streets.

Main stream news–the proctologist’s view of the world.

-one muggle

[one_muggle]

Two mostly educated views for consideration:

Wall Street Bond Trader says slow agonizing drop, with a few fits and spurts both up and down. He bases this on how long it took the Nasdaq to drop during the bust. Even though the market it mostly transparent and fungible, it took about 2 years to sort out. Since RE is not very transparent or fungible, it should take longer.

Econ Professor says that the increased availability of information has lead to market cycles that are faster and more shallow since. He says information asymmetry is declining.

If I knew nothing of the situation, which isn’t too hard to pretend, I would put my money with the trader. Real world usually has better incentives to be correct than academia.

-one muggle

[one_muggle]

Two mostly educated views for consideration:

Wall Street Bond Trader says slow agonizing drop, with a few fits and spurts both up and down. He bases this on how long it took the Nasdaq to drop during the bust. Even though the market it mostly transparent and fungible, it took about 2 years to sort out. Since RE is not very transparent or fungible, it should take longer.

Econ Professor says that the increased availability of information has lead to market cycles that are faster and more shallow since. He says information asymmetry is declining.

If I knew nothing of the situation, which isn’t too hard to pretend, I would put my money with the trader. Real world usually has better incentives to be correct than academia.

-one muggle

[one_muggle]

Two mostly educated views for consideration:

Wall Street Bond Trader says slow agonizing drop, with a few fits and spurts both up and down. He bases this on how long it took the Nasdaq to drop during the bust. Even though the market it mostly transparent and fungible, it took about 2 years to sort out. Since RE is not very transparent or fungible, it should take longer.

Econ Professor says that the increased availability of information has lead to market cycles that are faster and more shallow since. He says information asymmetry is declining.

If I knew nothing of the situation, which isn’t too hard to pretend, I would put my money with the trader. Real world usually has better incentives to be correct than academia.

-one muggle

[one_muggle]

Good blog explaining one possible reason for the high Mortgage Application Rate.

http://calculatedrisk.blogspot.com/2007/08/mba-index-and-bottom-callers.html

-one muggle

[one_muggle]

Good blog explaining one possible reason for the high Mortgage Application Rate.

http://calculatedrisk.blogspot.com/2007/08/mba-index-and-bottom-callers.html

-one muggle

[one_muggle]

Good blog explaining one possible reason for the high Mortgage Application Rate.

http://calculatedrisk.blogspot.com/2007/08/mba-index-and-bottom-callers.html

-one muggle

[one_muggle]

Johnny Cash… Oh yeah, he was that old guy that did that Nine Inch Nails cover.
http://www.youtube.com/watch?v=SmVAWKfJ4Go

And I thought it was just a Karaoke gig from West Palm Beach retirement home gone bad. (smirk) The man in black, one of the last real bad @sses.

-one muggle

[one_muggle]

Johnny Cash… Oh yeah, he was that old guy that did that Nine Inch Nails cover.
http://www.youtube.com/watch?v=SmVAWKfJ4Go

And I thought it was just a Karaoke gig from West Palm Beach retirement home gone bad. (smirk) The man in black, one of the last real bad @sses.

-one muggle

[one_muggle]

Johnny Cash… Oh yeah, he was that old guy that did that Nine Inch Nails cover.
http://www.youtube.com/watch?v=SmVAWKfJ4Go

And I thought it was just a Karaoke gig from West Palm Beach retirement home gone bad. (smirk) The man in black, one of the last real bad @sses.

-one muggle

[one_muggle]

Yup.
I heard from my father’s brother’s nephew’s cousin’s former roommate (aka Dark Helmet) that Wachovia is taking it in the shorts for the American Home Mortgage BK. I guess they got left holding the flaming dookie bag when the music stopped.

(story true, source fake–in case yer pondering)
I heard them yellin “Run from your Bills, Run from your Bills” all the way from Charlotte.

-one muggle

[one_muggle]

Yup.
I heard from my father’s brother’s nephew’s cousin’s former roommate (aka Dark Helmet) that Wachovia is taking it in the shorts for the American Home Mortgage BK. I guess they got left holding the flaming dookie bag when the music stopped.

(story true, source fake–in case yer pondering)
I heard them yellin “Run from your Bills, Run from your Bills” all the way from Charlotte.

-one muggle

[one_muggle]

Yup.
I heard from my father’s brother’s nephew’s cousin’s former roommate (aka Dark Helmet) that Wachovia is taking it in the shorts for the American Home Mortgage BK. I guess they got left holding the flaming dookie bag when the music stopped.

(story true, source fake–in case yer pondering)
I heard them yellin “Run from your Bills, Run from your Bills” all the way from Charlotte.

-one muggle

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