The Darkest Storm is About to Descend - You Can't Imagine the Carnage

ByLoSellHi · Mar 5, 2009

Quote from ElCubano:

imagine him going long back then.,...
More...

Yeah, 'the fear mongering,' as he watched 60% of his 401(k), IRA and pension plan wiped out.

blackbook · Mar 5, 2009

Quote from ByLoSellHi:

That was written 9 months ago - are you actually serious?

Good call, huh?

And keep catching those falling knives.
More...

why catch them if you can juggle them>?

Quote from ElCubano:

imagine him going long back then.,...
More...

i have been long, ive been going long swhc, stem, sqnm.

sobemark · Mar 5, 2009

Quote from ByLoSellHi:

Let me tell you something. You think you know that things will get bad with the banks, right?

I mean, there's been doom & gloom all over the news, and predictions of bank failures by the hundreds, right?

You are all prepared, right? Nothing will shock you?

Things are 100x worse than what anyone has publicly been saying.

How do I know this? It's not insider information. It's not a national secret. It's not privileged, nor confidential information.

I have two very friends that work for two different law firms, and they have been taken out of their regular practice areas and reassigned to the foreclosures department.

Most of you have ZERO clue as to how many PROPERTIES (not just residential homes, but commercial, retail, office and industrial) are being foreclosed upon.

They are both telling me that their firms can't hire paralegals or attorneys fast enough to handle the onslaught, and that the senior most partners at their firms view this as unprecedented.

It's so bad, and these people are anything but lazy, that they are considering quitting their jobs. They both refer to it as a black hole. They have told me stories of people just quitting on the spot, in the middle of the day, as a frequent occurrence.

If you have access to any database that lists foreclosed properties, you would be stunned at the broad array of properties - everything from single lots to factories to shopping malls - that are being foreclosed on right now.

Everything I'm telling you is public record. Once banks file foreclosure proceedings, it's all public record.

So, if you have any doubts that we are headed for an absolute crisis, or that properties from the tens of thousands to the hundreds of millions, from New York to Boston to Cleveland to California to the Hamptons to Mercer Island are being foreclosed upon in record numbers - just go check out the public records - whether in your immediate area, or on a national level.

No one can understand the size and scope of this crisis until they actually view the reams and reams of foreclosure listings, and see that no price point, location, category, size or shape is immune.

You will come back to this thread, if you do this, and be able to do nothing but say "wow, you're right."

A tidal wave is about to hit. It's 60 feet high, just off shore, and building in velocity and height at a rapid clip.
More...

spot on man ! and i still think it gets worse !!

dearinfinity · Apr 6, 2009

Hey man, I gotta give you big ups for this post. Had I been here oh say, 12 months ago, and had seen it, I probably would have made a killing. Good luck to all!

Log in or Sign up

The Darkest Storm is About to Descend - You Can't Imagine the Carnage

ByLoSellHi

blackbook

sobemark

dearinfinity