Monday, October 27, 2008

New and Existing Home Sales Charts


Existing and New Home Sales were released over the last two trading days, and below we highlight ten year charts of each housing indicator. Investors might have something to be excited about with Existing Home Sales since last month it broke above the miserable range it had been in for more than a year. But even though New Home Sales were slightly higher than the prior month, its chart still looks horrible, and it's definitely nothing to get bullish over.

Exisths

Newhome

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.