SHould Frank's analysis be correct, is there ANY doubt what will happen to financial markets?
http://www.financialsense.com/editorials/barbera/2005/0930.html
Financial and home building stocks have topped, IMHO.....then so has the overvalued stock market.
In the good old days, you could buy a house, stay in avg 7 years, sell, and trade up to next level. With housing prices rising as they have, we have seen a compressing of time leaving little hope of "trading up". So people stay and are ocked into houses they probably stretched to get into.
Many already extracting equity to fund consumption.
Duratek open your eyes and you will see.
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2 comments:
Hey Mr. Crap,
If you don't like something or have some bad to say just 'pass on by' and 'leave as you please'.
I think D does a pretty good job, being as this is all for ''free'', and the best way to pay for things.
If you don't have anything nice to say, kept it shut!!! This is the right and old way of doing things, you must be under 50 or so, anyway.
Poor woordssss from the younger part.......
Kept up the good work,, D.
I like your pages...any real trader will know that!
How would you like to own a custom-built house at a 42% to 100% discount?
I have one for many years and it is over value by spades.
Try renting now you will be better off.
NYC -12% and going lower....
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