▲
1
0
▼

Smart Money Is Telling Us The Housing Market Is About Crash Again


 invite response                
2013 Aug 7, 4:23am   1,378 views  4 comments

by Bubbabeefcake   ➕follow (1)   💰tip   ignore  

http://truthingold.blogspot.com/2013/08/smart-money-is-telling-us-housing.html

Here's an interesting observation:   The Dow Jones U.S. Home Construction stock index is now down over 25% from its peak on May 14 - so how come the financial media is not broadcasting that housing stocks are now in a bear market?  Every time gold drops 20%, which has occurred several times during the precious metals bull market that started in 2001, all we hear on CNBC and Bloomberg is that gold is now "in a bear market.

#housing

Comments 1 - 4 of 4        Search these comments

1   Y   2013 Aug 7, 4:34am  

what'd u eat for lunch?

2   Bubbabeefcake   2013 Aug 7, 4:40am  

SoftShell says

what'd u eat for lunch?

A Bull-oni sandwiche ;]

3   kmo722   2013 Aug 7, 9:10am  

Been buying DRV since about 12.5 back in late May.. I have increased my position several more times on some recent pull backs.. I actually considered making this my entire portfolio for a few days back then.. too bad.. I am quite sure the Hedge Funds have been all over this one, too.. slaughter the masses..

4   marcus   2013 Aug 7, 12:35pm  

Home construction stocks are down because of the cost of money (interest rates). IT's yet to be seen whether low inventory existing homes will be equally affected. I'm sure in some places they will be. E.g. places where inventory hasn't been so low.

The seasonal drop is coming anyway, but with higher interest rates, it will be interesting to see what that looks like these next several months. WIll it be

a higher low ?

or a lower low ? Compared to last year.

That is the average accross different markets (not talking just about northern california).

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions