Comments on: Good/Surprising/Stunning Housing News

By: Cramer Calls A Housing Bottom (Yet Again) | The Big Picture

Cramer Calls A Housing Bottom (Yet Again) | The Big Picture — Wed, 17 Jun 2009 10:06:03 +0000

[...] we have not seen an explosion in new Housing Starts — rather, this is a noisy volatile series that frequently shows a monthly gain, but continue [...]

By: Cramer Calls A Housing Bottom (Yet Again) | Bailout and Financial Crisis News

Wed, 17 Jun 2009 04:20:28 +0000

[...] we have not seen an explosion in new Housing Starts — rather, this is a noisy volatile series that frequently shows a monthly gain, but continue to [...]

By: DMR

DMR — Wed, 17 Jun 2009 03:45:39 +0000

@rootless_cosmopolitan

You’re right! That’s so strange though that a clear 12 month pattern is visible even after the seasonal filter has been run.

By: Onlooker from Troy

Onlooker from Troy — Wed, 17 Jun 2009 01:14:05 +0000

Cramer’s been predicting a bottom for housing in June since some time last year so you knew he would grasp at whatever evidence he could to try to make his prediction valid. And I’m sure he’ll come up with some kind of B.S. argument when it is patently obvious that he was way off. I’m sure it will be someone else’s fault that it didn’t bottom. All those naysayers made the market go down. :)

By: ben22

ben22 — Wed, 17 Jun 2009 00:27:34 +0000

I wonder how many people will lose money on Cramer’s latest bullshit.

http://www.youtube.com/watch?v=_nkZ3eHeXlc&feature=channel_page

one of my personal favorites of his.

@ constant

thanks for that link above, paper was interesting and it had a lot of good charts in it.

By: tom_k

tom_k — Tue, 16 Jun 2009 22:34:31 +0000

Cramer is calling a bottom in the housing market today based on these numbers. Can someone make a note of that for the future?

Cramer: “The housing market has bottomed!” (for the record)

One month against trend does not make a reversal… we still haven’t addressed the bigger long-term issues of housing prices versus income growth (or lack thereof.)

Housing + transportation at 50%+ of the average American’s income remains way too high – it needs to come down to the 30-40% bracket, either via declining property values or increasing incomes. We don’t have enough of either.

By: constantnormal

constantnormal — Tue, 16 Jun 2009 22:09:20 +0000

What happened to the usual pumping action at the end of the day?

By: constantnormal

constantnormal — Tue, 16 Jun 2009 22:02:34 +0000

@ F411 10:02 am

“We’re trying to figure out where we’re going–we know where we’ve been.”

Here’s a road map:

http://www.voxeu.org/index.php?q=node/3421

By: thetanman

thetanman — Tue, 16 Jun 2009 20:53:33 +0000

Mike in Nola,

Here’s an article about the lack of correlation between MOS and market returns.

http://seekingalpha.com/article/96030-what-about-all-that-cash-on-the-sidelines

To paraphrase motivational speaker Matt Foley, “you’ll find as you go out there that MOS doesn’t tell us jack squat.”

By: Onlooker from Troy

Onlooker from Troy — Tue, 16 Jun 2009 20:11:47 +0000

I haven’t seen it mentioned here but the hard ceiling that the 200 EMA provided for the $SPX, $TRAN, and Dow is certainly interesting. And we finally closed below the 20 EMA for the first time in this rally. Will all those “anxious” money managers come in and bid this up through the 200 EMA and into the high 900s? Maybe more importantly, will the dollar stay firm, although it was down 0.5% today with the market down. Hmmm.