I think the market has bottomed out

"The crash is over", says an economist. "Housing can only go up," says another. "I think the market has bottomed out," says one builder. "It appears we have turned the proverbial corner," says a second.

After hitting a low with stocks in March 2009, U.S. single family building permits rallied in three waves into March 2012. The latest high is more than 65% below the September 2005 peak. A MarketWatch commentary insists, "Permits Push Signals U.S. Housing Boom." These assessments are flooding in even though many home buyers from 2010 and 2011 are already underwater! According to CoreLogic, more than one millions U.S. home buyers who have taken out low-money-down FHA mortgages over the last two years already owe more on their loan than their homes are worth. The FHA's policy of accepting almost no money down is deadly when..... continues in the May issue of EWI's Financial Forecast 10 page report available for FREE.
Download this special issue for free, but fair warning: It's only available until Thursday, May 31.
Here's a quick summary of what you'll find inside:

Europe's debt crisis.
European political crisis.
Charts flashing danger signals.
What U.S. stock investors should know NOW.
Sentiment analysis.
Tech Stock signals for Apple, Google and Amazon
NYSE margin debt signal.
Facebook special.
And much more, including detailed Elliott wave charts and insights on gold,silver, bonds, the U.S. dollar, the economy, inflation vs. deflation and real estate

Learn More and DOWNLOAD EWI's NEW 10-page May 2012 Elliott Wave Financial Forecast here - It's FREE. (requires a valid email address).

About the Publisher, Elliott Wave International Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.

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Posted by Mr Thx Monday, May 28, 2012