Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DebtBomb who wrote (255304)	6/18/2010 1:20:55 PM
From: RetiredNow	Read Replies (3) \| Respond to of 306849

Hi all...back on topic... ECRI's Weekly Leading Index reads -5.7% and last week's reading was revised downward from -3.5% to -3.7%. I think we're not only continuing to go downwards, but the rate of deterioration remains significant, which means it is becoming more likely that we see an imminent down leg in the stock markets when everyone absorbs the reality of the facts on the ground. In addition, I'm fairly certain the June employment numbers are going to be exceedingly soft, as the census payrolls are trimmed, short of government fraud on those numbers. If that happens, then look out below. The stock market will take another 5-10% hit downwards and probably break new lows below 9,800. JMHO.