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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Andrew G. who wrote (72242)2/27/2001 10:10:02 AM
From: oldirtybastard  Read Replies (1) of 436258
 
I think that implicitly this is how property and homes are priced, though it is a slower mechanism. Your home is not bought or sold in a vacuum, just because there is not a formalized exchange doesn't mean that it's value doesn't fluctuate in the eyes of others based on all kinds of factors out of the homeowners control. Just because there is no central limit order book for houses doesn't mean the pricing mechanism is any different. Anyway, lets leave this until after market close, I'm having too much fun watching the "Our economy sucks so much right now that rates will be cut rally" which isn't working out so well

It's like this:

doctor: your leg is infected, we are doing tests
patient: ok, I hope you can amputate it
doctor: tests are back, we are going to amputate
patient: great, I'm so glad it was bad enough to be amputated

This is CNBS logic right now
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