A sense the housing market has bottomed.

Had to post this quote, makes me laugh...

a sense......WTF




"There's a sense that the housing market has bottomed," said Jay Suskind, head trader at Ryan Beck & Co.

 

he is correct.

regards,

surf

 

not sure what he meant by that quote but he may be saying that people have a false sense that the market has bottomed and that they're incorrect.

 

ha, i hope that was a sarcastic remark!

 

no,its not sarcastic at all. just wait and see.

surf

 

catch the falling knife be my guest.

 

HAHAHAHAHAHAAH.

I will wait and see as housing prices drop 5% by the end of 2006 and another 10-15% by the end of 2007.... ill wait patiently for the bottoming of housing market say sometime in 2009-2010. Market bottom so quick after a 100% jump in housing prices 4 years.

 

ok, check back in a year. i believe you are very wrong. remember, i am talking national average--not a hand picked location.

regards,

surf

 

national avg or not, its going to be down hard...

 

It's funny because this is what *everyone* is saying. Hmmm, I wonder what that means.

--opm8