Lies, Deceit, Greed

I have been listening to the spin by NAR spokesman David Lereah. The contradictions are nothing sort of amazing. In Looking for a Bottom on November 11th the Chicago Tribune quoted Lereah as saying: 1) “We need a price decline, we were overbloated”2) “In 2007, it will be a flat year, maybe 1 percent [sales]…

Shell Shocked in Key West

Following is a post from a friend living in Key West.He posts under the name “FreeThinkerKW” on my board on the Motley FOOL, and rents a house in Key West. Here goes from FreeThinkerKW…. As longtime readers of this board know, I live in Key West where Real Estate tripled, quadrupled, and quintupled in the…

October ISM

Bloomberg is reporting Manufacturing Growth Slowed in October Manufacturing in the U.S. expanded at the slowest pace in more than three years last month and construction spending unexpectedly declined because of a deteriorating housing market. The Institute for Supply Management’s factory index fell to 51.2, lower than forecast, from September’s 52.9. A reading higher than…

Craps, Dominoes, or Jenga

Last week Ramsey Su (one of my favorite posters on Silicon Investor) proposed and idea that the current rally in stocks is really just a part of “One Big Trade”. Ramsey Su: I had a conversation with a couple of fund managers yesterday and we drew one simple conclusion: The market is now just One…