Case-Shiller: Beware the Head Fake
There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday: The bloodletting may not be over. Here’s…

There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday:
The bloodletting may not be over. Here’s why: If price declines accelerate for the mid-to-upper end of the housing market, then that could generate enough large declines in values—even among a small segment of the overall housing market—to push the index lower still.
Meanwhile, here in New York (where there’s plenty of “mid-to-upper” properties) housing prices ticked down another 1.6 percent in April for a total of 21 percent off the June 2008 high, as the chart above shows.
“I have two theories about dibs: either he has a major personality disorder, a meth addiction, or he just doesn’t exist, and b-stoner made him up to bait us all day.”
A. I’m a Scorpio. Nuff said.
B. Addicted to sex, good wine and beer better than the stuff What drinks.
Wowwwwwwwwwwwww! What a thread!
“throw out econo-babble in the hopes of confusing people enough so that they throw in the towel and agree with you”
“An elaborate argument is the surest sign of a weak thesis.”
What more can I say? JTB nailed it.
corner’s gonna OD on this thread.
“(Chairman and Strip club organizer)”
LOL!
Damn, dibs (used to be capital). You got ratpacked today! There’s nothing left for me!
***Bid half off peak comps***
LOL.
“I have two theories about dibs: either he has a major personality disorder, a meth addiction, or he just doesn’t exist, and b-stoner made him up to bait us all day.”
A) Narcissistic Personality Disorder
***Bid half off peak comps***
quote:
has anyone actually met dibs at one of these drink gatherings?”
yeah three times. this thread was funny, but most of it was over my head.
*rob*
HEY WHAT….Is “Mo Mo” a slur???? Are you tossing those out again????
How would you like it if I referred to you as something that sounds similar to “Mo Mo”
I bet you’d go off on another two day tirade. NOW APOLOGIZE.
I came to the party too late to know what the skittles thing means… is that good?
Posted by: joe_the_bummer at July 1, 2009 2:08 PM
It’s OK Joe you’re good!
“OK dibs so you exist, but you’re a day-trading trust-bunny.”
A Day Trading Trust Bunny, ROTFLMMFAO!
The What
Someday this war is gonna end…
Skittles come out of the Unicorn’s ass. Pay no attention to the rants of the What. he hasn’t been relevant in quite some time and his schtick is really getting old. He’s missed the whole market rally because he’s obsessed with thinking the world is going to hell in October. Ask him why October???
Back40…THAT CHART IS INCREDIBLE. It shows a 65% decline from the recent peak and would indicate that given the amount of decline for the last 3 selloffs depicted that we are setting ourselves up for a rally, WHICH IS EXACTLY WHAT HAPPENED IN MARCH. The chart would indicate that the market will probably shoot past the horizontal point at 1,900 or so and go to 3,000.
A better bullish chart for the market is hard to come by!!!! Stay long.