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Hi CarlHousing stocks and ousing are 2 different products . i bought a house in april 2009 and was negotiating from jan to march of that year . the problem right here right now is housing sales over the past 25 yrs of data show that home sales decline from aug sept to feb march each year . to suggest now is the time to buy housing stocks ( the worst is over ) is pre mature . .
Surprisingly Carl, you never in any of your analysis mention the steady contraction of the money supply over the last three years. Sure, there have been intermittent periods of stabilization, brought on by Fed and the Obama admin but each time one of these programs has ended the deflationary spiral has shown its ugly head. The latest is the mortgage support. Until these knee-jerk attempts are ended for good we will never end the real estate problem. It is plain silliness to indicate that housing has bottomed without any evidence. A bounce in housing stocks does not indicate anything other than a bounce.
I wish the charts would start saying that.
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