I noticed an interesting trend — the rich get richer, the middle class and poor get chased out of their houses at low prices.
The richest home buyers were the only segment that saw year over year gains. The rich get richer. Are they smart? Locking their money into hard “assets”, or just stupid because they don’t see just how bad things are? Time will tell, but in reality a house is a highly illiquid investment that could easily fall 50% from here.
Great Video Red and I think it makes sense, Christmas rally after a short term low in the markets. Thanks for your hard work and efforts. Best regards, PZY5T0.
Red,
Good news is eventually you will be right.
Guesstimate: Think ES topped this morning, SPX will at 1195.
S&P 500 before opening bell: CLICK HERE
Using raw data from here
http://www.realtor.org/research/research/ehsdata
I noticed an interesting trend — the rich get richer, the middle class and poor get chased out of their houses at low prices.
The richest home buyers were the only segment that saw year over year gains. The rich get richer. Are they smart? Locking their money into hard “assets”, or just stupid because they don’t see just how bad things are? Time will tell, but in reality a house is a highly illiquid investment that could easily fall 50% from here.
Check it out – orig chart by Hawaii Trading
http://oahutrading.blogspot.com/
Great Video Red and I think it makes sense, Christmas rally after a short term low in the markets. Thanks for your hard work and efforts. Best regards, PZY5T0.
Weekend post is up…
http://www.zerohedge.com/article/dxy-flash-crash-detonates-entire-currency-complex
Another thing I just noticed looking at currency charts is a very drastic move in the DX (US $) after the close Friday, could be a false print
New – just checked that out and you’re right, chart shows trading activity today on TF??????!!!!!!! Doesn’t make sense, nothing else is open – weird
It closed around 702 then shot up to 707 and dived straight down to 696 just strange.