Not sustainable...
Housing is coming into it's slow season, every number around housing is declining or down tremendously YOY. The FED and the presstitute media have been proping up housing as it represents the line in the sand for the economy sentiment.
Housing gonna implode... and it may take the market with it, as the S&P ran up to an all time high in only 19 days... a new record.
UPDATE 11/21: I was a little early on this trade. I was happy to short today the XHB at 33.35. I bought a few cheap puts, and will see how it plays out. It looks to be a rising wedge that is dying to be broken down. Hoping to capitalize on that trade. Housing sucks, they are trying to keep it propped up as hard and as much as possible because it will expose the whole money printing charade as what it was, transferring money from one class of people to that wealthy 1/10 of 1%. Did you know, 85 people have as much money as 3.5 billion people in this world? Amazing.
Housing gonna implode... and it may take the market with it, as the S&P ran up to an all time high in only 19 days... a new record.
UPDATE 11/21: I was a little early on this trade. I was happy to short today the XHB at 33.35. I bought a few cheap puts, and will see how it plays out. It looks to be a rising wedge that is dying to be broken down. Hoping to capitalize on that trade. Housing sucks, they are trying to keep it propped up as hard and as much as possible because it will expose the whole money printing charade as what it was, transferring money from one class of people to that wealthy 1/10 of 1%. Did you know, 85 people have as much money as 3.5 billion people in this world? Amazing.
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