Providing Thoughtful Analysis on the Housing Market
With markets in freefall and voters in fear, there's not much doubt about the main topic of conversation as families gather for the turkey feast.With more people exposed to real estate than any other investment, these gatherings have a way of conveying fear unmatched by any other media means. I think we're about to see sales drop to alarming levels.
TSX jumps +17% at open today. Currently up around +11%Let me be the first to call it:Dead Cat Bounce
metaldwarf: you've got it. My take on it is that it'll rise a little for a little while (weeks/months), before slumping again. Next time it'll be a slower extended slump, rather than a panic crash.
It's all unfolding as expected:http://tinyurl.com/5n43lthttp://tinyurl.com/5n9j6nMSM feeding frenzy these days. Remember how we used to pine for this.
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