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User Info	Here is why the market may jump on Paulson proposal; entered at 2007-12-02 13:22:04
Bw8472 Posts: 6446 Registered: 2007-06-28	I can see why the market cheers this, however every time it does it just gives you another chance to short the market. We're in the mode now you simply have to swallow that no matter how stupid, there are things that will move the market that shouldn't if the true nature of this crisis were generally known. The problem WS has right now is it's still trying to call a bottom, the amount of times it's done this is hilarious, how many more bottoms is it going to call before it gets the fact that it's not here, not close and it's way down there? BTW Schiff predicted the mortgage negotiation thing, and that's IMO going to go off the charts ugly, consumers haven't yet figured out how much power they have, because it's not normal for them to have that power but oh lord when they do, it's open season on lenders. IMO, before long, it won't be hard to call your lender they'll call you and beg to work something out. Think about it, unless prices turn around, you can mail your keys in and be fine, bk and all but essentially your're out of debt and off to a fresh start, the lender gets their head cut off, x 1000 as others do what you just did. Once people sense this declining value thing isn't over and it's not, they will get this and then the lenders are so ***ed it's beyond belief. Last modified: 2007-12-02 13:25:34 by bw8472* 2007-12-02 13:22:04