I warned on this blog last Sept that US housing price slump continue into summer 2008, despite rate cuts, banking, finance, homebuliding
enetring deep recession, bear market correction, suffered by deep loss, with share prices plunge 50- 70 %.
Recent speculation on rate cuts on banks, home buliding
by SWF and Bank of America will face bear market rally and continued correction, loss all their recent gains and heading for new lows.
XHB will give up its gains
heading below 15 in the months ahead, despite rate cuts and stimulus packge will not able to stop housing prices slump cutting into 10 months unsold home invenetory.
Comment byWarren Huang -Wall Street journal Market Beat February 5, 2008 at 3:36 pm
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enetring deep recession, bear market correction, suffered by deep loss, with share prices plunge 50- 70 %.
Recent speculation on rate cuts on banks, home buliding
by SWF and Bank of America will face bear market rally and continued correction, loss all their recent gains and heading for new lows.
XHB will give up its gains
heading below 15 in the months ahead, despite rate cuts and stimulus packge will not able to stop housing prices slump cutting into 10 months unsold home invenetory.
www.osawh.com/fund2008.htm
and
www.osawh.com/mortdefa.htm