Not so funny "How Goldman Sachs made $50 B from economic collapse"Real Estate Bubble collapse one of main causes of economic crisis, and all the bad paper tied to its declining value.
Most recent report showed NO reversal of falling value trend as prices have fallen further from 2008, ONLY thing keeping this from headlines and reality is suspension of real accounting as MARK TO MARKET BIT THE DUST.
At this rate expect 10 years of slogging around and little progress. WHile in ST Pete/Tampa I SAW SO many for sale signs.......
Expect some charts this weekend as I catch up, I don't know yet the fall back below break (1120) and back into trading range will lead to more selling as we start 2010
D..happy NY
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