keep buying lows ! some day you will be right ! http://www.marketwatch.com/news/sto...?guid={A09A933D-57BA-4583-BDF7-6E000DF9E74D}:)
A lot of folks think Mish is nuts, but his posts are thoughtful and backed up with data. Lot's of interesting reading at: http://globaleconomicanalysis.blogspot.com The trackback isn't working yet, so if you view this after the article scrolls off, look for "Vacancies Soar / Lending Standards Rise".
another good article for the STEER'S . http://www.elitetrader.com/vb/newreply.php?action=newreply&threadid=80681
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during December 2006 was estimated at a seasonally adjusted annual rate of $1,177.7 billion, 0.4% below the revised November estimate of $1,182.9 billion. The December figure is 1.4% below the December 2005 estimate of $1,194.5 billion. http://www.123jump.com/economy-story/Construction-Spending-Drops-0.4-in-December/20674/
I only really lurk on this forum, so maybe I'm not really qualified to comment, but I'm going to anyway. bgp stop being such a smug smarty pants, you're ruining one of the better US housing market discussions!!!