Thursday, August 02, 2007
graphite pencil - derwent graphic - 6b, 4b, 2b
Following Wall Street today can be as stressful as following the news coming out of Washington DC. With the talk of a "housing bubble" bursting at the seams, the thought of a correction to an inflated market sounds enticing. To a hesitant bear living in the Bay Area California, I have witnessed the exponential rise of fake equity the last five years. I feel a bit of resolve having been sitting on the sidelines watching this slow moving train wreck just now starting to unfold.
I also feel sorry for those families who got duped and swindled into signing those creative loans. I hope they find some kind of resolve. As for the speculators and flippers, shame on them for trying to make a quick buck. The greedy are going to get their comeuppance, just you wait and see.
bear bull study sketch
initial bear study sketch
Posted by bobby casumbal at 11:26 PM