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

To: Claude Cormier who wrote (70517)	10/26/2007 3:55:42 PM
From: Real Man	Read Replies (3) \| Respond to of 116555

Do you expect that stocks move up a lot even if the dollar drops 40% next month? If you are suggesting Argentina, then that's exactly what the dollar might do some time soon. It could do that after the Fed cuts in October.

To: Claude Cormier who wrote (70517)	10/26/2007 11:35:38 PM
From: Metacomet	Respond to of 116555

House pricing has been illusory since there stopped being a test for creditworthiness. The pricing was not a function of intrinsic value but a farcical exercise in "creative" financing with anyone able to fog a mirror gaining access to as much cash as he and the real estate and loan packager could dream up. Consequently home pricing mirrored the fictional values that were represented by the CDO's, SIV's etc. Just as there will be no resolution to the debt obligations until they are actually marked to market, house pricing will be similarly in flux until they too are marked to market. Currently house prices are not reflective of valid market demand inputs.