Tuesday, October 24, 2006

A House Flipper Gone Bad!

So, what's wrong with flippers?

 
  • Have you been following the story of Casey Serin?  Who?  He's a 24-yr old man in Sacramento who is a poster child for everything that went wrong in the real estate boom. House flipping gone awry!  Casey also has a blog at I Am Facing Foreclosure, where the comment logs are active with encouragement, support, and plenty of expletive-laced name calling! 
  • Outstanding "Question of the Day" goes to Barry Ritholz in his blog entry The Return of CNBC.com.  Why in the world did they stop using their own URL and hitch up with MSN?  Barry notes "CNBC was buried in an MSN Money ghetto, not even ranking as a top line tab, but instead existing as a subtab under "Investing."
  • Some blog aggregators sort on "the" while others ignore the "the" and sort on the word following the "the."  So you know.
  • The Shark Report notices good technical set-up in OIH.  Yeah, agreed.  And as Dave notes, metals, too.  My thought here is that the economy is heating up again after slowing down in the 3rd quarter.  It won't be long before we start hearing folks worrying about increasing energy demand and "the fear" of the threat of inflation.  (Whether it actually exists or not is another question.)

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