When I saw the headline, “Pending home sales tumble in May“, I couldn’t help but click the link. I guess I am a compulsive clicker.
Pending sales of previously owned U.S. homes plummeted by 4.7 percent in May, far more than expected and a sign of more trouble ahead for the beleaguered housing market, a real estate trade group report showed on Tuesday.
How can this be a sign of “more trouble ahead” when we haven’t even hit bottom yet from the first trouble? That’s like worrying about a small boulder that happens to be in the path as your car plummets off a 1000ft cliff.
In other words, are you really worried about hitting that boulder? Take a moment to see what’s coming when you hit bottom.
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copyright © 1997-2010,
The One And Only
Slobokan.
All other material and brand or product names are copyright and/or registered trademarks of their respective holders.
E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
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