Traders Laboratory - View Single Post - Market Ready For A Pullback?
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Old 09-27-2006, 08:28 PM
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Re: Market Ready For A Pullback?

The Dow is not far off an all time high at the moment.

It might be healthy for a little pull back, consolidation and then push again.

However, I read recently that the difference between rental income and mortgage costs, in the US, has never been greater. Many people seem to be over stretching themselves and they will not all be bailed out by an increase in the value of their homes. Once the housing market cools, we will see the economy slowing, etc.

A little depressing, and it does not bode well for the medium term.

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