Nov 26 2008
Dow up 1,174 Points in 4 Days: A Gain of 15.5%. Last Time we Had a 4 Day Gain this Big? August of 1932.
We have seen an unprecedented 4-day rally in the stock market. This is rather astounding given the parade of bad news. New home sales hit half century lows. Consumer spending has fallen to lows not seen since 2001. Unemployment claims are running at multi-decade lows.
We also just bailed out Citigroup and have committed over $8 [...]
Nov 4 2008
The Miseducation of the California Housing Market: 3 Reasons Why California Housing Still Has 3 Years Before Hitting a Bottom.
California housing has been an enigma for most in terms of pricing. How in the world did the median price for a California home reach $597,640 at the peak of the housing bubble? That is a question that historians, economist, and writers will need to answer once the ashes are left. But we are still [...]
