fubsy_cooter

A Bull Is Born, 2009

Your projection that rallying 20% would mean the death of the bear ignores that all bear markets have steep and rich rallies, in fact this is the third 20% rally in this bear. Other bears have had rallies as steep as 35%. This bear is far from over. My projection is for the S&P to hit below 600 this year based on S&P earnings of 40.00 with a 15 multiple (this is a ocnservative estimate). I give a reasonable chance for the bear to last several more years, and eventually take us to an S&P 500 value of 250 to 300. This being my global depression scenario. But I will bet anyone that the bottom is not in.

New Home Sales: Revising Their Way Higher

I wonder what the creds are for posting on Seeking Alpha? I ask b/c you stated SRS as a way to play the housing sector short. SRS is not a measure of the housing sector. It is an inverse play on commercial real estate. It basically shorts REITs like Simon Property Group that invest in commerical...not residential real estate.