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July Case Shiller Beat And Missed At Same Time Just As Market Was About To Plunge

Submitted by Tyler Durden on 09/27/2011 09:17 -0400

The Case Shiller for July, that's right July (does anyone remember that? that's was before the US was about to go bankrupt due to that whole flap in Congress over the debt ceiling, nevermind the second European bankruptcy), is out and it was both better and worse than expected: the Y/Y print beat at -4.1% on expectations of -4.4%, up from a revised -4.4%, yet missing on a sequential basis, which was expected to come at 0.1%, instead printing at 0.05%, unchanged from the June's upward revised M/M 0.04%. In other words, this is not only traditionally late data, it also confirms that the double dip continued into the months that saw the market tumble by nearly 15%. Look for substantial drops in the August and September Case Shiller data.

Crawling along the bottom:

Case YOY:

Via Bloomberg

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Tue, 09/27/2011 - 09:18 | 1714559 Careless Whisper

The Careless Whisper Morning Report

NYC Pepper Spray SWAT Team Attacks Innocent Wall St Protestor; Hacker Accused Of Exposing Cop's Personal Info In Retaliation

http://www.youtube.com/watch?v=moD2JnGTToA

Delaware Supreme Court: Life Insurers Don't Have To Pay Claims To Strangers With No Insurable Interest; Cites US Supreme Court "...such a wager provided a sinister counter interest..."

http://www.greenwichtime.com/news/article/Insurers-can-contest-stranger-...

DSK: I Work For A Bank I Have Diplomatic Immunity

http://www.nypost.com/p/news/local/can_be_sued_dsk_Owh4Z6PHwfNp0jLbA5Im1J

Cheney: Next Attack On US Will Be Nuclear Or Biological. Cheney On Merkel; "I'm Impressed"

http://www.spiegel.de/international/world/0,1518,788383-2,00.html

Man Speeds Van Into Chase Branch

http://www.lohud.com/article/20110927/NEWS/110927001/Van-crashes-into-Ch...|topnews|text|Frontpage

Wall Street Protestors Fooled By Fat Fat-Cat Poseur

http://www.cbsnews.com/stories/2011/09/27/national/main20112025.shtml

Cuba To US: Can We Talk?

http://latino.foxnews.com/latino/politics/2011/09/27/cuba-says-its-ready...

Town Hall Meeting Held At Data Mining Company

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/27/BU8M1L9PCD.DTL

Still Ignoring Ron Paul

http://2.bp.blogspot.com/-oVJNBP-JIJw/ToGh8qmcj3I/AAAAAAABJcQ/U14zgGmLx-...

Today's Hot 'N Sweaty Birthday Wishes To Olivia Newton-John (63); Let's Get Physical

http://www.youtube.com/watch?v=vWz9VN40nCA&ob=av2e

Fiat Scores Big Product Placement Big With New J Lo Music Vid: Papi

http://www.youtube.com/watch?v=6XbIuSLaCnk&feature=musicchart

Tue, 09/27/2011 - 09:23 | 1714566 caerus

she's 63? dang...doesn't look like it

Tue, 09/27/2011 - 14:05 | 1715564 covert

search for the bottom and get a few bargains.

http://expose2.wordpress.com

Tue, 09/27/2011 - 09:19 | 1714561 Muddy1

first bitchez

Tue, 09/27/2011 - 09:21 | 1714568 monopoly

We all know housing is dead, gone. Might bottom next year than languish for years. It is over. Plain and simple. You need a cave, that's it.

Silver gold feisty today. Maybe the trolls will leave us alone today with their talk about the mighty crap dollar.

Tue, 09/27/2011 - 09:24 | 1714576 101 years and c...

"...just as market about to plunge"

?????

Tue, 09/27/2011 - 09:25 | 1714580 Moneyswirth

Case Shiller? Meh.

Can't you see that futures are up a GAZILLION points pre-market???? BACK UP THE TRUCK BITCHEZ!!!

Tue, 09/27/2011 - 09:25 | 1714583 warchopper

Prices continue to go down...when can I get 15x's leverage for a home equity loan? I have lot's of new cars, and other superfluous stuff I need to buy. On that note, when will I be able to lever my children's college funds? They should be good for about 30x's. I promose to invest all the money in BAC and BRK.A since they are both "undervalued". Maybe at the same time I can go out and buy a half dozen homes with the levered proceedings! The stimulus proceeds will be phenomenal!

At some point in time, there might be a little issue about taxes, but don't worry, I'll get around to them from my small island in the South China Sea.

Tue, 09/27/2011 - 09:25 | 1714584 bania

Schroedinger's cat meets Case Shiller.

Tue, 09/27/2011 - 09:31 | 1714600 Mitch Comestein

I have a new clean energy idea. Firewood burning cars! Break off portions of your neighbor's old empty, underwater house and drive to work on it. Saving the environment and solving the housing market crisis in one shot.

Obama: you can use that line if you want. However, you should say "Savin the environment and solvin the housin market crisis in one shot."

Tue, 09/27/2011 - 09:32 | 1714611 ivars

Made a new oil price prediction:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&start=560#p34241

Tue, 09/27/2011 - 09:33 | 1714613 fdisk

"Look for substantial drops in the August and September Case Shiller data. "

seasonal strenght months, will beat expectation as well.

Where is that f* guys with pink T-Short? How's his shorts are doing?

*LOL*

Tue, 09/27/2011 - 10:10 | 1714733 Snakeeyes

CS flat SA but op +0.9% NSA for July.

This is important because of the rhetoric from NAHM, NAR, and Barney Frank that conforming loan limits have to be increased.

http://confoundedinterest.wordpress.com

Besides, the economic news is dreadful and watch for the September numbers!!!!! BAD!

Tue, 09/27/2011 - 12:28 | 1715199 PulauHantu29

Dr. Housing Bubble knows:

http://www.doctorhousingbubble.com/

July Case Shiller Beat And Missed At Same Time Just As Market Was About To Plunge

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