Present a chart of any particular stock, index, or industry during their recovery period and the long term trend is likely to be up and to the right. However the slope of the line is likely to be choppy, identifying shorter term periods of weakness. This is a healthy occurrence as brief pullbacks and periods of consolidation give investors time to digest available information and not cause "bubble like" symptoms to occur. The housing market in this country is displaying a perfect example of a recovery which appears to be taking a much needed breather. As evidenced in the chart below, regardless of which housing metric you evaluate, the trends exhibits recovery like traits and the underlying fundamentals for home...
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