BLS OWN MOUTH CPI info as you can see Owner's Equiv Rent !!?? is almost 1/3 of the fraudalent CPI.
As we ALL know housing is going THROUGH the ROOF yet last report shows a scant 0.1% increase in OER.
I haven't lost faith in the stock market to reflect the future, but in the short term, it CAN be manipulated. Was it MEANINGLESS that the indexes broke down several weeks ago? Below their 50 and 200 SMA's? MAYBE SO.....if that meant NOTHING their recent rise also does.
BLACK boxes like a set watch just wait for these to appear, the stock movements are exaggerated and manipulated, but eventually wat WILL be will be.
We have sector rotation again, and prices are rising because prices are rising because performance is chased.
SO with manipulation and bastradizing of any REAL DATA, which HEDONIC measures and seasonal adjustments and outright lies and misrepresentations.....any STRENGTH derived from such will be fleeting.
The buying of large blocks by the "houses" at KEY levels.........is not a myth.
ADditionally they don't even consider TAXES!!! in the OER computation.
Look how they ran after NFLX today and how it closed, some will never learn
ARGHHHH!
Last thought, is profits from housing speculation....coming into stock market? Could this fuel a final bull rush but at same time kill housing market?
D
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