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News of the day 8-12-09

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  • Thu, Aug 13, 2009 - 02:48am

    #1

    investorzzo

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    News of the day 8-12-09

Recovery eh?

Home Price Declines Accelerate in Second Quarter

“I don’t think we’re at a bottom yet in home prices,” said Scott Anderson, a senior economist at Wells Fargo & Co. in Minneapolis. “There’s also a pretty big shadow supply of houses. People are kind of waiting for the bottom but there’s a pent-up supply out there.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aq5oRHngaU_Q

 

 

  • Thu, Aug 13, 2009 - 04:00am

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: News of the day 8-12-09

If this isn’t a bear market rally… I don’t know what is. The similarities with the bear market of 1930 are uncanny… after which the Dow dropped more than 80%….

  • Thu, Aug 13, 2009 - 06:57am

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: News of the day 8-12-09

 Yes, and home foreclosures jumped 7% June to July.   Sure, the worst is over.    Yeah, right.

  • Thu, Aug 13, 2009 - 12:26pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: News of the day 8-12-09

Note: I am seeking more and more articles suggesting and questioning the markets. Is the Rally over? It all started after Bob Prechter’s call out of warning  on monday. Just one example.

http://seekingalpha.com/article/155677-2009-is-looking-an-awful-lot-like-2008

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