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??
Just overbought, or a "good overbought" signal? - *Mid-week market update:* In the past two weeks, I have become progressively more bullish on stocks (see A capitulation bottom? and Buy signals everywhere)...
17 hours ago