I've been kicking myself for closing the IMH and CFC shorts too early. And I'm disappointed gold didn't hold up better in the stock market sell-off. I'm still short DELL, but it was actually up after it reported a bad quarter.
In housing news today, the San Francisco Chronic warns about subprime defaults hitting the housing market. It hasn't really happened yet. Surprisingly, San Francisco, one of the most overpriced housing markets in the country with one of the biggest price increases during the bubble, hasn't really dropped yet. Price appreciation has slowed or stopped, but prices aren't dropping yet. Real estate bubbles are painfully slow to unwind. If it continues at this pace, it will be years before I buy a house.
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Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
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