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 came to the party too late to know what the skittles thing means… is that good?
Can you really have a “Hedge Fund” with 4 people?????!!!!!!
WTF is that???!!! Please someone please explain that!
The What (Ghetto Hedge Fund LLC.)
Someday this war is gonna end…
No, not at all, Joe. You should show up. No one is actually like this in real life. There’s only one other gay that shows up, and one lesbo. Everyone has a great time & lots of alcohol is consumed.
I would go myself but I’m afraid that brownstoner is slowly turning into a gay intro service. Am I alone on that one?
Posted by: joe_the_bummer at July 1, 2009 2:03 PM
The What tosses Joe a month supply of Skittles. It’s Mo Mo land around here…
The What
Someday this war is gonna end…
LOL What that was mad nasty.
OK dibs so you exist, but you’re a day-trading trust-bunny.
I would go myself but I’m afraid that brownstoner is slowly turning into a gay intro service. Am I alone on that one?
I’m up for the strip club trips, What. I want to see you get a lap dance and then ask someone else for the tip money.
At least I’m getting some, What. I think you haven’t had any since they used your ass when you were in lock up!!!!
joe my grandfather blew all his money that his family made running liquor between Canada and Glens Falls, NY during Prohibition.
That said, my mother’s cousin’s daughter is our new Congresswoman, Kirsten Gillibrand.
If anyone is still interested in whatever substance has been discussed in this thread, here is an interesting take on the current state of the market in historical perspective.
http://www.ritholtz.com/blog/2009/06/monthly-sp500-inflation-adjusted/
The post argues that we are in the midst of a secular (meaning long-term) market downturn that started in 2000. Admittedly, the chart only goes through 3/30 and so misses the recent rally, but it’s intriguing, no?
Hey guys lets open up a.. Hedge Fund, Yeah!!! We can get dumbasses to give you their money and we send then statements every month. 21% annual growth and have trading accounts in the Cayman Islands (Just in case we have to flee).
The What (Chairman and Strip club organizer)
Whuh (CEO)
BHO (CFO)
Bridges (Chief Trading Officer)
The What (The FBI is coming! Where’s the shredder at???!!!!)
Someday this war is gonna end…