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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Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ... -
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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