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Subject:  No Housing Bottom Date:  6/5/2007  12:59 PM
Author:  iamamartin Number:  8308 of 629

Best evidence ? Easy, lots of people saying "The housing market has bottomed". This contratrian indicator is just like the sign that says "Luxury Hotel". If you have to be told, it isn't true !

   But what about the private equity boys buying subprime lenders ? Yeah, I know, but in poker this is known as  "Dead Money". Money being contributed to the pot with no chance of winning.

   Hmmmm. That means I think I know better than the highly paid suits in those funds....that doesn't seem right.....Hmmmmm... I'll have to brood on that.



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