Tuesday, January 22, 2008
So Anything to Talk About?
75 bp and still 350 points down. Everything we've been talking about has been coming true. And are we being asked to comment? No, same talking heads still not getting just how different things are this time.
Tough, I'll comment here. Housing is going to see some even scarier numbers in February. In my opinion the massive investment component of so much residential housing will start acting like an investment. n plain English; stickiness is gone. This is the gap down I've hinted at previously.