[quote=threadkiller]Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.[/quote]
don’t mistake a plateau for a bottom.
certainly the fed is printing money like mad, but, there are an amazing load of defective mortgages still out there.
