Real Estate, Blackrock & Dodd-Frank
QUESTION: Mr. Armstrong, I have a question about Blackrock buying up all these homes. It seems that the Dodd-Frank bill empowered Blackrock to buy up all of these homes and [...]
COMMENT: It is interesting how your model picks the timing for a turn in the market as of May yet it leaves us guessing as to what the fundamental will be. Very interesting to say the least.
Fantastic event in Rome. The cocktail party was the best view of Rome ever!
REPLY: The fundamentals really do not matter. What I have come to understand is TIME is everything. The market will turn on these targets regardless of the fundamental. It is simply a turning point in human emotion for maintaining a given trend. They will exit a trend regardless of the news. How many times have we seen bearish news ignored in a bull run or bullish news ignored during a bearish decline? It is only a matter of the length of a rally or decline.