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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (241)	8/17/2001 9:01:15 AM
From: Mark Ivan	Read Replies (1) \| Respond to of 306849

Stomper, I understand your point. Do I see signs of us turning?? No, not really other than the Fed and tax rebates should spur thnings along (if history is a guide). I am seeing a bit (and I mean a small bit) a hiring going on. I think that will only get better. Indexes being halfed AGAIN. Nas at 950??? I'd have to say no way on that. But if you told me Nas 1900 in Mar 2000, I would have said no way then also. : ) I guess my point is that the time time to predict gloom and doom is when the NAS was at 5000+ and way over extended. Not now. Everything looks bad now. There is no visibility. There is no hiring. PE's are sky high still (since earning are down). Thus everyone is saying "overvalued" and down we will go further. These are signs of general market and economic bottoms. This is not the time to be piling on the shorts just as Mar 2000 was not then time to be going long. I agree RE lags the market by a year or so. Mark