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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (290990)11/12/2010 10:20:02 AM
From: THRead Replies (1) of 306849
 
SB,

I agree with that with the statement that an "event" trumps the POMO. Is that event an awareness of margin compression or something else (I believe that will be the rally killer, but we may have to wait until Q1 to see it really start to express).

When the music stops, I could see an easy 15% correction. Maybe even 20% or more. Fair value, estimated by better minds than me, says S&P 850/950. That might even be high, but there are so many distortions now, my valuation model is just BROKE.

Truthfully, there is no model anymore. The market is just a measuring stick for printing. Nothing more.

GT
TH
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