Monday, November 19, 2007

hovering this time

The other shoe may have finally dropped here with the housing bubble.

Goldman Sachs is now telling clients to sell Citigroup, which means there are probably other banks that should be sold as well. Brokerages normally wait until the last moment before they tell their clients to sell. This is a very bearish signal and one that lets me know that the support tested at 13,000 might now break.

The tax list for Cook County came out last week and I was able to find properties in the city available for under $1,000.00 in taxes. I will be researching the owners and look for properties that I can put money on that will likely not be paid back.

1 comment:

CresceNet said...

Gostei muito desse post e seu blog é muito interessante, vou passar por aqui sempre =) Depois dá uma passada lá no meu site, que é sobre o CresceNet, espero que goste. O endereço dele é http://www.provedorcrescenet.com . Um abraço.