We are seeing some normal fall cooling in the temperature and the housing market. The numbers are still pretty strong, and far from a buyer's market, though if you check craigslist, you will see some 'deals' being offered.
I think Klepto has been too busy to parse the numbers and I haven't got much to say. Lets see what October brings.
If the commodity market continues strong and assets like the stock-market and $CAD stay strong and interest rates remain low-the market will continue buoyant and the bubble bursting graph I posted below will fail.
However if any of these change directions then we will see renewed weakening.
Nothing more to say. Lets wait and see what the end-of-October numbers have in store for us.
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)...
18 hours ago