What I find scary about US housing is that there are multitudes who are on "honeymoon" rates.
When they get the real deal, things will get much worse IMO.
No way housing problems will abate in the next 12 months.
Charts were posted months ago showing a 12 month lag in US financial markkets behind US housing data.
That suggested a Sep low.
New lows have now been seen in housing, suggesting this could extend into even May next year.
To me it suggests that being long in equities is risky but if sharp enough can be scalped for a month or two.
Beyond that, interest bearing deposits till March next year.
depression soon, page-106
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Last
8,057.9 |
Change
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| Open | High | Low |
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| XJO (ASX) Chart |