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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (279615)9/29/2010 1:09:42 PM
From: Giordano BrunoRead Replies (1) of 306849
 
Rosenberg sums up yesterdays rally

• While you were sleeping: the big news is that of asset classes that traditionally move inversely are now moving in tandem — stock prices, bond prices, and the gold price

• Lack of confidence: the Conference Board’s consumer confidence index sagged to 48.5 in September from 53.2 in August

• It wasn’t just consumer confidence that’s in a funk, business sentiment slips too in Q3

• House prices dip in the U.S.: the Case-Shiller Composite-20 index fell 0.1% MoM in July — first decline in four months and is likely the re-emergence of its primary downward trend

• Richmond, poor man: the litany of softer regional economic reports continues unabated
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