[quote=svelte][quote=sdrealtor]Ive seen what happened with the few properties that have hit the market so far. Its far from over[/quote]
That’s real estate. The original post was about the stock market.
What you could be seeing right now is either people moving $$ out of stock and into hard assets like homes, or perhaps people rushing to beat the rate hikes. Also, home prices are usually sticky on the way down so they’ll be a trailing indicator.
But the stock market could be in a momentary blip. It could return skyward tomorrow. Who knows.[/quote]
Actually the original post was all risk assets which includes real estate. He addressed real estate a bunch in his manifesto. He meant everything!
Stocks are responding to higher interest rates right now. Its earning season and lets see what happens. The bears have been wanting a pullback and are pushing what levers they have. not gonna say market will come storming back but I think this sell off will prove to be overdone and short lived
What Im seeing is massive pent up demand that was not satisfied last year with new demand piling on top. Buckle up!
