Meanwhile, Jim Cramer says housing has bottomed:
Cramer's right as long as he ignores the actual data.
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Its funny that Cramer mentions in the first few moments of the video that the reason why we are at bottom, is because inventory is low, prices have stop dropping and people are buying.....
ReplyDeletethen towards the end, he says "banks arent suicidal, they are holding massive massive amounts of homes that they wont sell"
so really even Cramer knows this "bottom" is really artificial. He isnt as foolish as you guys think, he is just deceitful.
My man Shiller is looking decidedly Vampire-esque these days.
ReplyDeleteBob; eat a balanced diet, get regular exercise, and get plenty of rest. Your health is everything at the end of the day.
If Cramer knows this "bottom" is artificial then why tell people reasons that didn't really cause it? And Anon you're right about Shiller. He is looking whiter than usual. Some people need to relax a bit, not work 24/7 only...
ReplyDeleteTake care, Elli