Saturday, April 4, 2009

Bear Anxiety

Ok Folks I read a lot of bear anxiety in the blogosphere about the up-tick in sales for March and the missing deluge of listings.

This is despite the drop in prices, which in some areas has been nothing less than a slide off a cliff. (what else can you can YOY drops of 25-38%)

BTW a 25% drop in prices erases a previous 30% gain. The bubble is deflating much faster than it blew up.

Can I give the bears complete reassurance. No. If I was that smart I would be sitting on the beach in Monaco with George Soros, instead of writing this obscure blog. However consider this graph.

Where do you think we are on it??