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SPDR S&P Homebuilders ETF Message Board

  • effend effend Jun 6, 2007 10:38 AM Flag

    Lawrence Yun, lying pimp

    "Overall housing levels are historically strong, but sales remain sluggish compared to the recent boom," said Lawrence Yun, the Realtors' senior economist, in a statement included in the group's latest forecast. "Home sales will probably fluctuate in a narrow range in the short run, but gradually trend upward with improving activity by the end of the year."

    This guy is a bigger liar than the sleaze that he replaced. No matter how bad the new data is, Yun starts spinning like a top until it looks like the best news in the world.

    The futures markets are expecting a much bigger drop than the NAR, and certainly no stabilization by year's end:


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