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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, August 23, 2008

Existing home sales

With existing home sales numbers coming out Monday I decided to take a look at the recent data to see if there was anything interesting. So from July 07 to July 08 existing housing monthly supply has risen from 9.1 months to 11.1 months.

Check out the "Months Supply Divided by two" in relation to the actual/consensus numbers. What you see is by dividing the month supply number we can visually see the affect the sales numbers is having on supply. This may be fun to watch as the collapse continues....


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