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: Smiling Bob who wrote (253516)	6/11/2010 11:21:07 AM
From: RetiredNow	Read Replies (2) of 306849

Hi all, ERCI's Weekly Leading Index Growth Rate just went below zero to -3.5%. The growth rate has been trending downwards since Oct'09, but really started tanking fast after Mar'10. This is the first time the growth rate has gone negative since Jun'09. Remember, most economists say the recession ended in Jun'09. So if this growth rate stays negative, or even worse, continues to trend downwards, then a double dip becomes certain. That would almost guarantee the S&P would retrace to 971, as I called a week or so ago.

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