Housing Stocks as a Leading Indicator
The decline in housing equities may be indicating we are heading for a recession in 2007 according to this ex-Value Line employee. I wonder if Mrs. Buttner would agree?
"Charts provided by Value Line (where I used to work) showed an interesting head and shoulders pattern for the housing stocks. As a fundamental analyst, I must warn that technical analysis is not my forte. On the other hand, as a long-term investor, I am well equipped to monitor a pattern that actually took several years to unfold, and therefore might have been missed by people looking at patterns over a period of say, 200 days."
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"Charts provided by Value Line (where I used to work) showed an interesting head and shoulders pattern for the housing stocks. As a fundamental analyst, I must warn that technical analysis is not my forte. On the other hand, as a long-term investor, I am well equipped to monitor a pattern that actually took several years to unfold, and therefore might have been missed by people looking at patterns over a period of say, 200 days."
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posted by Little_Silvered at 5:32 PM
3 Comments:
http://www.americansforprosperity.org/index.php?id=1486......show our govenor we will not put up with this anymore
Nicely said!
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Good morming!, I was doing the Google search found your blogsite. Some content here is very thought provoking. Not sure i agree with all but hey this is a democratic society - on the whole!!
All the best again, from David at http://www.easy-forex-broker.ssr.be which is about forex onlien trading
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