One more day and we'll stop - thanks for your responses. We've seen a little bit of a rally in the last 36 hours and so far (12.35 New York time) the Dow is down 2.55% from its 25 July close. Pessimism is also down a bit - less than two-thirds expect the Dow to be below 13,000 at year end.
Any more votes?
2 comments:
Sackerson,
Using today’s S&P Case-Shiller data release, I have updated my
http://homepage.mac.com/ttsmyf/newestHousData.gif
(it is ca. “How far is down?” for homes)
which chart I had earlier noted at
http://theylaughedatnoah.blogspot.com/2007/07/more-on-real-inflation-figures-via.html
Thanks, Ed. In the UK, the "Daily Mail" had a report today on an estimated 20% drop in house prices - though stagnation is at least as likely, I'd have thought, excepting forced sales.
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