Quote from RCG Trader:
Just got this in.....
Housing starts: 699K
Expected:670k
Previous: 689k
What this means to those of you who don't follow macro econ stuff is that money is flowing into construction.
Housing stocks are the canary in the macro econ coalmine. The majors are up sharply.
Come Novmember there will be a visible improvement to the masses by then.
Game Over![]()

Quote from Tsing Tao:
Hilarity ensues as the NAR revises their 2011 December number from 4.3% to a negative .5%.
Remember the OP of this thread:
And all the Ricter cheerleading as well...
http://www.zerohedge.com/news/nar-c...ckery-itself-revises-december-home-sales-5-05
Yes, they'll attack that it's a ZH article. But they can't attack the data. Game over, indeed.