Of course you are right, Bugs and PS, about the data – but I think the effect of this median going up will have the effect of a dead cat bounce – a little positive sentiment to fool the masses into thinking the worst is over just before the fecal matter collides with the air circulator.
I think alot of people are going to catch that falling knife in early 2007.
I know so many people who want to buy, have been waiting to buy, and think the bottom has hit. This median price uptick makes it impossible for me to talk them out of it.
