Tuesday, May 31, 2011

YOU make the call ....

Today's press release says it all: "This month’s report is marked by the confirmation of a double-dip in home prices across much of the nation. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1% versus the first quarter of 2010. Nationally, home prices are back to their mid-2002 levels."

Housing is no longer a big part of the market says Jim Cramer.

"Jim Cramer is a charlatan. He turns the serious issue of personal financial security into a complete joke. There is nothing that comes out of James Cramer's mouth that allows people to make intelligent investment decisions."  A quote from David Swenson in the December/January 2009 issue of Worth magazine. Mr. Swenson is the chief investment officer of Yale University.

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