So David Pressly uses a poll of homeowners that “clearly debunks” the speculation of the demise of the housing market. Nice. He can’t supply some research showing increasing demand projected into the future based on some sound data, he uses a phone poll of Susie Smith, part time cake baker and PTA member’s opinion of where the market is heading to debunk these media reports.
I think David Pressly should fire his financial advisor and just conduct phone polls of which stock people think is going to go up.
I wonder what percentage of dot.com stockholders thought their stock would continue to increase in value before the crash? (probably 100% because if they thought it’d decrease in value, they’d have sold, wouldn’t they?)
