Mortgage market in collapse

[Lights]

if that's true hope ur trade profits are not dollar denominated. will be worthless.

Quote from silk:

Sell everything. This could be Great Depression II. How can things not be 10 times worse this summer when all the foreclosures begin to hit the market.

 

[ByLoSellHi]

Quote from Sponger:

Funny you should bring up bankruptcy.......

It wasn't too long ago that the government reigned in the ability of the individual to declare bankruptcy........

Gosh, what great timing on the government's part.....maybe, just maybe...........they saw this coming down the pike:eek:

Great point.

Funny coincidental timing, no?

 

[silk]

1.5 million foreclosures this year. Home prices will fall alot by end of year as there will be nobody to buy these 1.5 million homes.

Foreclosures are the equivalent to a market sell order for a thin stock in the amount of 1.5 million shares into weak s&p 500 futures.

HUGE GAP DOWN for housing coming.