DJMT on the Big Picture & NAR
Its always interesting to see which media picks up what comments. Yesterday's critique of the NAR spin was grabbed by Dow Jones Market Watch :
MARKET TALK can be found using N/DJMT
11:56 (Dow Jones) Month after month, the National Association of Realtors puts as bright a spin on its home report no matter the numbers, and while it's stopped predicting an outright bottom, it still comes close. This month, after reporting February pending sales were down 21.4% from a year ago, the industry group still predicted "essentially stable" sales, with an increase coming this summer. "You have to be a drug abuser to believe a 21.4% drop in the year-over-year index is a sign of stability," Barry Ritholtz writes at The Big Picture. (PJV)
My apologies for lumping in the Realtor's group with drug abusers. In doing so, I meant no insult to the crackheads of the world...
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And after reporting the worst job numbers in over 5 years our lovable gov't was also busy making sure that all those unemployed tech workers stay unemployed.
mind-numbing what this administration is doing on a daily basis to remove the middle class.
Posted by: michael schumacher | Apr 9, 2008 9:54:11 AM
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