The best part of this disagreement is that within a year or 6 quarters at longest we'll see without question whether this time will be sticky like every time before or whether this time is different in this one respect.- Rob Dawg | Sunday, August 27, 2006 at 20:03
For the record the “Silent Spring” is Q2 ‘06 so technically includes June but as I’ve been predicting this is not a symetrical retracement. The subheads read “falling off a cliff” and ballooning inventories and such. Every time I read another “I had no idea it would unravel so quickly” comment I feel vindicated. Next symptom; “FSBO, priced for quick sale.” I called the top of the market Oct 6th, 2005 shortly after breakfast but never said why. That’s when my $9/hr housekeeper from Nicaragua (8hrs every other week, green card) told me about her new house in Oxnard.- Rob Dawg | January 24th, 2006 at 9:33 am
Here is the Los Angeles Case-Shiller for June (credit Westside Bubble):
Stickiness was all the last times. this time is different. Time has vindicated my position.