The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: jimmg who wrote (71678)	2/9/2007 1:46:57 AM
From: Smiling Bob	Read Replies (1) of 306849

The case has already been made. The lag between last year or last qtr or last month is vanishing. Check Home Depot for a better barometer of what's to come with other retailers. They are more immediately affected by the housing market. The other retailers are merely enjoying the last hurrah with whatever remaining credit J6P has left. You don't really think the consumer economy is buttressed with pockets overflowing with cash, do you? There are two consumers out there. J6P is the one that needs to be looked at. Not MGM or JWN Overleveraged home owners are now getting pinched with rising rates, rising taxes, and less bang for their buck outside of Indonesian clothes and Chinese electronics. The margins on these don't support growth in retailing. Check out CC news. Other electronic retailers suffering as well. Stay long and report back in 3 months. Yesterday's market was just the start. With the changing of the guard, the reality of where the economy stands will become more public. The home loan mess will be bigger than the S&L bailouts of the past. DOW belongs closer to 10k. Then there are always the many X factors lurking in an already overvalued market... Oil Prices Spike on Iran, Cold Weather Friday February 9, 12:09 am ET By Tanalee Smith, Associated Press Writer Oil Prices Continue Rise on Iran-U.S. Tension, Violence in Nigeria and Frigid Temperatures

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