Quote from EMRGLOBAL:
First off, many ET Members are full of shit and make no money, do not trade and if they do they traded 100 shares or 1lots in their 401k, most are 9 to 5ers who sit at their computer, or are "Brokers" who have lost money for their clients and post on ET to make themselves feel good or are people who do not make their earnings in any capacity within the Financial Arena.
So, I call bullshit on your statment.
Second.
"Two new reports out today prove the consequences of oversupply of organic inventory (12.5 months on existing homes in July according to the National Association of Realtors) and the shadow inventory of foreclosed properties (estimates vary widely and wildly). CoreLogic's Home Price Index shows home prices "flat" in July as transaction volume continues to decline. "This was the first time in five months that no year-over-year gains were reported," according to the release. In June, prices were up 2.4 percent year over year. In addition, "36 states experienced price declines in July, twice the number in May and the highest number since last November when prices nationally were still declining."
FED's Standing by as more economic "TRUTHS" come out.
The Truth is slowly coming to Light.
