Tuesday, November 17, 2009

Real Estate Recovery?

Lowe's profit down 30%. Home Depot profit down 9%. OK, this sound like a recovery anyone? It seems to me we are still going down, and the only thing a debunker can do is say - that was obvious. However, all claim things will turn around in 2010. OK back in 2005 it was things will turn around in 2006, then it was 2007, 2008, etc. It is all down, there is no up.

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