Tuesday, December 28, 2010

HOUSING DATA POINTS TO DOUBLE DIP

"Prices fell in all 20 key cities in report....worst levels since 2006-2007 crisis began" monthly drops = 15% yr.

...."double dip on the verge or already here...."

Excuse me, what was the 85% mkt surge based on? Valuation of banks? Profits of banks? Profits of SPX?

If this data told another story, I would have much LESS a base to be looking for a top....but a dip to buy!

D

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