Fleer - housing chart
They say the market looks ahead 6+ months. The talking heads have been saying the worst is in for housing. (I think it is going to get uglier than they think). Perhaps a combination of shorts covering and optomistic buyers have caused the bounce. I say it is too early to call the housing market bottom.
I feel that the interest rates will not go much lower. The dollar will get weaker as we go. China and India are stronger than people think, and will not tank as the U.S. housing market tanks. Hedge funds and foreigners will buy our markets, real estate, and any commodities they can get their hands on as they want something "real" for the dollars they hold. Would you rather be holding zinc, nickel, moly, uranium, gold, OR U.S. dollars????
I can send you a good pdf on Canadian and US outlook, just send me a PM with your email and I will put you (or anyone on this board) on my email list for Basic Points and other pdf's that I can't post here.
Good Luck!
Kipp
