> Sam wrote: > By hissing you mean it's not going up 29% again? That's called > leveling off.
To put numbers to it: "A leading indicator for demand in the housing sector decreased in October, a housing industry group said [today]. The National Association of Realtors said its pending home sales index fell 3.2% to 123.8 from September's 127.9. The level was 3.3% below October 2004, the NAR said." So I don't totally disagree with you. My point is always back to risk - if there's a terrorist strike, oil spike, inflation, or debt crisis, then this "slowing" could turn into a hard landing. The trick with all of this is in the forecasting: 1.) You think the risk of any of this is low. 2.) You think the risk is non-negligible and therefore should be hedged. 3.) You think the risk is high and so you'll dis-invest. I'm for hedging as I think the probability of one of these is high. As Mr. Greenspan said, the economy is a "conundrum". ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:186122 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
