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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (45667)11/16/2005 1:41:04 PM
From: dpl  Respond to of 110194
 
"but the purchase index is still in la la land. "

I think this a lagging indicator.Bubbles are all about greed.This index measures this.

When you see this index drop a huge amount and not recover then the RE bubble has ALREADY popped.It will be confirming.

David