Tuesday, August 28, 2007


Fed: Response Needed If Conditions Worsen Reuters
Home Prices Post Steepest Drop in 20 Years AP
Consumer Confidence Plunges But Tops Estimates AP
Fed Saw Danger of Credit Crunch AP

WE got sold out, and the future generations that have to PAY for all that was promised and can't be delivered.

Price drop says "3%" well I know people under market price at $310,00 and ONLY offer was $250,000 and this is in area just reported homes on avg increased 2% !!??

THis is all pure BS, consumer confidence is falling for many reasons. DEBT is their lover I dare not speak his name....

IT gets inflated away or it gets defaulted away...oh or paid down...

Key DOw areas I am watching 13,132 and 12,900 area, if broken I think good chance we test reaction lows of few weeks ago. VOLUME TODAY SO FAR IS 90% DOWN!


1 comment:

Anonymous said...

Aint that the truth.