McBride from Calculated Risk – We’ve bottomed.

[evolusd]

http://finance.yahoo.com/blogs/daily-ticker/housing-starts-jump-20-one-recovery-ahead-says-171641759.html

[patb]

he’s been saying this for a while, which depends upon interest rates and liquidity.

if rates rise?

we are back in a down spiral.

[davelj]

[quote=patb]he’s been saying this for a while, which depends upon interest rates and liquidity.

if rates rise?

we are back in a down spiral.[/quote]

Actually it all depends on WHY rates rise (assuming they do), right?

[spdrun]

This is a matter of local markets. I for one suspect that my home state of NJ has NOT bottomed, and will not do so till this winter at the very least. Too many foreclosures and shorts coming online right now.

[scaredyclassic]

i think ive bottomed out. have you guys ever seen r. crumb’s depression graph? freaking hilarious and beautiful

he bottomed out at age 43:

R. Crumb’s Depression Graph

[scaredyclassic]

strangely, id say i bottomed out around the same time. maybe 44-45…things is looking up!!!!!

[paramount]

[quote=squat250]i think ive bottomed out. have you guys ever seen r. crumb’s depression graph? freaking hilarious and beautiful

he bottomed out at age 43:

http://biblioklept.org/2010/07/17/r-crumbs-depression-graph/%5B/quote%5D

That’s good stuff, I can totally relate.

[Jazzman]

Yep, he has been saying this for some time, which coincided with a noticeable turn around in other previously bearish corners of the blogosphere. Maybe they are right, but I fancy not entirely. Influential bears were possibly too successful. We will be able to look back in a few years, and know the answers.

[Author]

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