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$4 Million GONE!

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Oh Mah Gard! Mah assets!

Liquidity moves markets!

Follow the money. Find the profits! 

This chart, courtesy of our friends at Zillow, purports to show the value of my house. It suggests that it has plunged from well over $8 million to well under $5 million, a loss of almost $4 million. Heavens to mergatroid! The last 30 days alone, down almost 40%! How is this not news?

Simply stated, I think Zillow is wholly and utterly full of feces. My lovely home was never worth that much, and it isn’t worth this little either. Interesting how the graph just plunged out of the clear blue sky, ain’t it?

The funny thing is, that as farcical as Zillow’s data appears to me, the market has gone ape-shit over this organization (symbol Z) and has pushed it to highs never seen before.

Now, if you’ll excuse me, I’ll just roam around stately Wayne Manor a while.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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