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Also CHN may be a good play on the short side to build a position, as it is trading at a very hefty premium(closed end fund). As of today it is almost %38 premium. Closed end funds may trade at discounts and premiums & and if there are bad news the funds with w/ extreme high premiums like CHN...

I certainly agree...., Euro extremely overbought/overpriced wrt JPY...

FXI is not shortable. I am very surprised.., may be it has changed since 11/30/04 ETF FACTS FXI As of 11/30/2004 Marginable No Option Tradable No Short Selling No Min. Secondary Share Purchase 1 Expense Ratios 0.74%

What about the Czechs? 12% in Cleveland also? I guess they mostly live in Michigan and Illinois(Chicago)

Hi Mike, The real estate values are way overpriced with respect to the average income growth. Also renting is way cheaper vs buying at these levels. There used to be a common house value calcuation, One year rent times 15-20% premium(or sometimes no prem in bad econ times)*10 is the house...

Tony Saliba. He is the number one reason that I decided to become a trader. I was an intern for him in 95 during my MBA. His ironclad discipline and hardworking style impressed me quite a bit. To my knowledge he is still the best options trader around..

Billbuild thank you for the great insight that you provided, I hope people can benefit from your wisdom. I bought my house March 2000 and sold it this May and now I can sleep better. I am still very young and rents are extremely cheap vs. buying now. What I see is, US is running huge...