Comments on: Housing-Led Stock Market Correction

By: Frugal

Frugal — Tue, 26 Sep 2006 12:57:34 +0000

Larry, that’s certainly true about housing market. It will move very slowly.

By: My 1st Million At 33

My 1st Million At 33 — Tue, 26 Sep 2006 12:56:37 +0000

Interesting Articles for the Week 09/25…

Some good readings from the internet:

Have you seen Mad Money by Jim Cramer? An academic study showed that Cramer’s effect that makes recommended stocks jumped by 2% to 5%, and later reverted back to the original price, are because suckers boug…

By: Frugal

Frugal — Fri, 22 Sep 2006 09:37:40 +0000

JC, Thanks for your link. I think this is probably the beginning. Once the resetting of ARMs going into full force, inventory will be more.

By: JC

JC — Fri, 22 Sep 2006 05:12:07 +0000

I agree there is too much inventory. Year round vacant properties ending 2nd qtr. 2006 is over 12 million. Assuming 2 per household as the average, you need an extra 24 million in population to absorb. How long will that take?

http://www.census.gov/hhes/www/housing/hvs/qtr206/q206tab4.html

By: Larry Nusbaum

Larry Nusbaum — Thu, 21 Sep 2006 14:02:34 +0000

I am not looking for the housing market to suddenly turn back up on a dime. Too much inventory to work through. Some of that invetory will drop off as sellers cancel their listings (or they expire) as they were unable to sell at prices that are no longer available. These are the ones who didn’t have to sell, didn’t have to move, didn’t have a bad mortgage to refinance, but were willing to sell at inflated prices and didn’t pull it off.