1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Sustained Economic Recovery Not Possible in the U.S. as Housing Market Deteriorates Further

Profit Confidential, the popular stock market and economic e-letter, reports today that a sustained economic recovery eludes the U.S. as the real estate market deteriorates further.

PRLog - Nov. 7, 2011 - Profit Confidential, the popular stock market and economic e-letter, reports today that a sustained economic recovery eludes the U.S. as the real estate market deteriorates further.  

According to Profit Confidential, “We cannot have a sustained economic recovery without a recovery in the real estate market. Job growth in the U.S. will not happen unless the construction industry, housing industry, and real estate market in general come back. And, from all sides, the housing market is far from a recovery. The Dow Jones U.S. Home Construction Index, an index comprised of the largest U.S. homebuilder stocks and a great leading indicator of the real estate market, is still down 80% from its 2007 high—the worst performance of all Dow Jones sub-indices.”

Profit Confidential says the median price of a new U.S. home fell 10% in September 2011 from September 2010, the biggest drop in two years. The median price of a resale home, which makes up 94% of the real estate market, fell 3.5% in September 2011 from September 2010. Cash deals account for 30% of all home resale transactions in the U.S.

Michael Lombardi, a lead contributor to Profit Confidential, writes, “Until we have a recovery in the real estate market, which could be years off, we can’t have a bankable economic recovery. That’s the bottom line. And that’s why we simply continue to be in a bear market rally—a period in which the stock market moves higher as the bear completes its Phase II cycle of luring investors back into the stock market before stock prices fall again.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

--- End ---

Click to Share

Contact Email:
***@everest-web.com Email Verified
Source:Michel Lombardi
City/Town:New York City - New York - United States
Industry:Business, Finance, Mortgage
Tags:stock advisor, stock marcket, michel lombardi, gold investment, consumer confidence, stock prices
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “


Trending News...

  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
Click to Share