Replies to post #242189 on SPDR S&P 500 (SPY)

[photo4u]

It would be interesting if he throws the market under the bus. Next few weeks will be telling. Starting today

[spartex]

Q2 GDP revised upward to 3.5%

Housing market is stalled due to drop in supply and spike in home prices, plus the two hurricanes taking out Houston and Florida. Prices need to actually drop for demand to pick up. Will happen over time I believe. In my area lots of apartment buildings are being built. More high density in cities than urban sprawl and longer commutes.

https://www.cnbc.com/2017/09/27/pending-home-sales-drop-2-point-6-percent-in-august-top-realtors-economist-warns-housing-market-stalled.html

Yun said he believes the housing market has "essentially stalled." He lowered his forecast for full-year existing home sales to 5.44 million, which is 0.2 percent below 2016's pace. The original prediction last January for 2017 was 5.57 million, an increase of 2.2 percent compared to 2016. A consistent drop in supply and spike in home prices are largely to blame for the change, but two devastating hurricanes only added to the weakness.