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Source:
Housing Bottom? “Not Even Close,” Barry Ritholtz Says
Aaron Task
Tech TIcker, Nov 24, 2009
http://finance.yahoo.com/tech-ticker/article/378885/Housing-Bottom-”Not-Even-Close”-Barry-Ritholtz-Says?
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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November 25th, 2009 at 12:34 pm
Very nice comments Barry. I wish we’d hear about foreclosures being a good thing from more people since it goes against the current “conventional wisdom”.
November 25th, 2009 at 2:03 pm
[...] can’t we get more Ritholtz on TV and less [...]