"U.S. pending home sales surge, fueling recovery hope" (employment, illegal)

[cleanhouse]

Originally Posted by neil0311

It's not just home sales, but a host of leading indicators. Everything isn't positive, and there is more bad news to come, but the trend is definitely in the right direction. We need to at least acknowledge that fact and stop the doom and gloom mantra.

See I never say the trend is in the right direction if it is still going in the wrong direction. Less bad is not trending in the right direction.

[delusianne]

I'll know the "recession" is over when I stop getting these panicky begging ads from pizza hut in my email. "$5 all you can eat," "$3 off online orders," "Buy one get two free" etc.

[neil0311]

Originally Posted by cleanhouse

See I never say the trend is in the right direction if it is still going in the wrong direction. Less bad is not trending in the right direction.

Do you know the meaning of the word "trend"? Not to be a smart-a$$, but what you said makes no sense.

[cleanhouse]

Originally Posted by delusianne

I'll know the "recession" is over when I stop getting these panicky begging ads from pizza hut in my email. "$5 all you can eat," "$3 off online orders," "Buy one get two free" etc.

Or how about 2 free nights in Disney World ? that banner is everywhere.

[neil0311]

Originally Posted by delusianne

I'll know the "recession" is over when I stop getting these panicky begging ads from pizza hut in my email. "$5 all you can eat," "$3 off online orders," "Buy one get two free" etc.

OK...I prefer to look at more insightful metrics.

[delusianne]

Nope, discretionary-spending businesses such as Pizza Hut are a fine barometer. Nail salons, too.

[cleanhouse]

Originally Posted by neil0311

OK...I prefer to look at more insightful metrics.

I guess when retail sales metrics come out it does not mean anything?

And Travel and tourism is a huge barometer.

[cleanhouse]

Originally Posted by neil0311

Do you know the meaning of the word "trend"? Not to be a smart-a$$, but what you said makes no sense.

No it makes perfect sense. From my perspective.

Going down is still going down. The trend is still DOWN.

[freefall]

problem is the trend is following bank owned homes selling at 30% of prices a couple years ago, so is that a good trend?

[Johnny B. Fury]

Originally Posted by delusianne

I keep waiting for signs of this to affect the market but I havent seen it yet...either it's being propped up (no! ) or we're looking too early... ?

The short real-estate ETFs... hmmm.... e.g. SRS - ProShares UltraShort Real Estate (ETF) - Google Finance

This whole economy is propped up. The stimulus is a bubble waiting to burst ...if it ever gets aloft in the first place.