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what will be first trading day in 2012? Bullish?
Some1 call S&P and ask them to hurry up with europe
Here is my year in review. Look closely at the housing numbers. They stink.
I wasn't aware of any housing recovery that we could be "double dipping" from. Seems to me the only ones that have recovered from the housing debacle are the banks. The banks got bailed out with freshly printed $, so there really hasn't been a true recovery there either. IMHO history will record this period as the great depression of 2008-2013.
Great Depression of 2008-2013? More like 2008-the dawn of the new age after the Great Purge. The depression won't end until every Fortune 500 CEO's head is rolled down the street.
You do know that when a bank owned home is sold to the government it is recorded as a sale, right? That pretty much takes care of the massive YoY Nov increase. Banks are unloading record ammounts of property to the government. The shadow inventory of homes has never been greater. If I take two blocks within the area of my home, there are four vacant properties. They are all owned by the government and not listed for sale in any directory. One home has been vacant for five years and would take more that it is worth to bring back to livable condition. Two went up for auction this past fall and failed to find a buyer. The next month the homes were listed as sold to the feds from the bank that forclosed. That doesn't even count the six other homes for sale on my block alone that haven't even had a single bid all year. BUT NO HOUSING IS RECOVERING.
The bull arguments are worthless. The real bull (or cow) is Bernanke.
Money printing trumps fundamentals bitchez!
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