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


To: DebtBomb who wrote (123791)5/18/2008 2:41:50 PM
From: Jim McMannisRespond to of 306849
 
Investors gird for higher oil, glummer housing data

miamiherald.com

NEW YORK -- The rising price of oil isn't just swelling Americans' energy bills - it's also holding back their stock portfolios.

Wall Street got some seemingly auspicious signs last week about home construction and consumer level inflation. But with oil climbing to new records, and more reports expected this week on rising prices and the housing market, investors are holding on to a conservative stance.

Oil's stubborn trek to record highs is a major reason why investors have yet to push the major indexes into positive territory for the year. Just this month, crude has so far tacked on about $13 to breach $127 a barrel, while the price of a gallon of gasoline for the average U.S. driver has soared 17 cents to nearly $3.79.

Those price surges cast an air of skepticism over last week's report from the Labor Department showing a modest 0.2 percent uptick in consumer prices in April.

Meanwhile, the Commerce Department's upbeat report on housing starts also met with some doubt among investors, particularly because the huge rise was due mostly to apartment construction, which can vary widely from month to month.

"So are we at an inflection point in housing right now? Very possibly. But let's be clear here. Nothing in the data suggests we're about to see a sharp rebound," wrote Bernard Baumohl of the Economic Outlook Group LLC in a research note.

Still the market, betting that better times are not that far off, finished the week with a solid advance. The Dow Jones industrial average rose 1.89 percent, while the Standard & Poor's 500 index gained 2.67 percent and the Nasdaq composite index picked up 3.41 percent.



To: DebtBomb who wrote (123791)5/18/2008 2:45:27 PM
From: Giordano BrunoRead Replies (2) | Respond to of 306849
 
Take It From Me Avoid The National Chain Types Like Public Storage Stick To The Mom And Pop Outfits If Asked Tell Them The Wife Bought A Brand New Car And She Is Kicking You Out Of The Garage And You Would Like A Place To Store You Junk And Tinker With Stuff Usually That Shut Them Up Right From The Start And Usually If Your Quiet "dont Make It Obvious By Going In And Out Frequently" And Just Sleep There Thats All And Pay The Rent On Time You Should Have No Problems This System Worked For Me In Minnesota Years Ago

Also If You Check The Classified Ads In The Paper Usually You Can Find Garages For Rent As Well And Deal With A Home Owner One On One And Tell Them What You Plan To Do And Again Just Sleep In It And Dont Make Any Noise Or Have People Over Partying And You Should Be Fine

forums.homeless.org.au



To: DebtBomb who wrote (123791)5/19/2008 12:05:12 AM
From: patron_anejo_por_favorRespond to of 306849
 
We linked it here when it was in the NY Times, CR has it referenced on his blog:

calculatedrisk.blogspot.com