A sense the housing market has bottomed.

Discussion in 'Economics' started by S2007S, Nov 14, 2006.

  1. S2007S

    S2007S

    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.
     
  2. marketsurfer

    marketsurfer Vendor



    he is correct.

    regards,

    surf
     
  3. MRE

    MRE

    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.
     
  4. S2007S

    S2007S

    ha, i hope that was a sarcastic remark!
     
  5. marketsurfer

    marketsurfer Vendor


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

    surf
     
  6. artis74

    artis74

    catch the falling knife be my guest.
     
  7. S2007S

    S2007S


    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.
     
  8. marketsurfer

    marketsurfer Vendor


    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
     
  9. S2007S

    S2007S


    national avg or not, its going to be down hard...
     
  10. opm8

    opm8

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

    --opm8
     
    #10     Nov 14, 2006