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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (438834)	12/6/2008 8:43:45 PM
From: tejek	Read Replies (1) of 1574198

>>> A small beginning to recovery? We are still way up on the downhill slope. We're headed to 10% or worse (potentially far worse) unemployment and that is going to exacerbate the housing crisis. Anyone who is thinking they're seeing signs of recovery at this point is dreaming. CA and NV went down first.....they probably will be the first to recover. Typically, one of the early signs housing is bottoming is people give up selling and take their houses off the market. Meanwhile long term investors have bought houses in CA, FLA and NV coming off of foreclosures.........in some markets, sales have been up YoY for two months now. That's another early sign of a market bottoming. Both aspects will reduce inventory which will help to stabilize local markets. Just like with stocks, bottoming in housing is a process. And its starting to look like CA, FLA and NV are in the very early stages. Of course, a much worsening recession could derail the whole process.

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