Blair

Case-Shiller Still Predicts Massive 45% Fall from Today’s Values

The questioning of the 10 year trendline shown is a valid question. Since the trendline shown is a segment of a 100 year, inflation adjusted trendline, I would assume that it has validity.
So, the question is, ignoring the 10 year trendline in the chart, where are the home prices going to based on a strict chart analysis?

To this, let us assume the classic large move 'rule' is valid. To that, one should note that the retrenchment, so far, is 50% of the up move. peak - base = 220 - 80 = 140. 140/2 = 70, 220 - 70 = 150. The 150 number is where the slight upturn occurred.

Having pointed this number out, it is also worth while to state that trendlines are made to be broken. So, it could be that the 10 year line segment has its validity in projecting a 'next stop number.'

The Current Market Atmosphere: Easy Money Hard to Come by

I don't know whether anyone will read this late posting, but my put is the market is going back to the 2001-2003 bear market low.

What happens next is another story.