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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (64374)	3/13/2007 4:10:15 AM
From: Haim R. Branisteanu	Respond to of 116555

For housing to recover it will need continued immigration at a 1% clip of population and around 2 to 3 years to stabilize. Best compare 1989 trough 1993 period. Lower interest rates will help very little as jobs will falter. Now it is a true vexing issue as outsourcing is so popular and so many jobs are exported. If one can earn 15K to 20K in Bangalore why take the risk to wander to US shores to earn more than double but pay more than triple on rent and day to day living?

To: mishedlo who wrote (64374)	3/13/2007 6:00:38 AM
From: LTK007	Respond to of 116555

CrossCurrents came out with a lot high quality data which is proprietory but i am thinking how best to get to bottomline. What i would say is their data gives proof that that no matter how much WS keeps preaching LTBH, the overall average of holding has dropped sharply/dramatically and that plain and simple money is not listening to WS.(The ETFs average holding time is comical, really) Crosscurrents concludes that when the true downturn really comes the rush to sell will be more decisive. In the year 2000 to 2002 we had an sizable pecentage of LTBH indoctrinated people that were just like deer caught in the bright of headlights. They were frozen as the devastation kept building. Data indicates that percentage of LTBH rigidity is much reduced.And that has implication for when matters finally get bad. Max