E Tuesday Talk: The Old Slide And Glide

So is this bad news? After a red hot year in the U.S. housing market one shouldn't race to make hasty conclusions. Mislinski includes this quote from  Lawrence Yun, the National Association of Realtor’s chief economist: "Despite the drop in home sales for February – which I would attribute to historically-low inventory – the market is still outperforming pre-pandemic levels." 

The chart below of median prices for single family homes over the last year would seem to bear this out.

TalkMarkets contibutor David Vomund closes out today's round-up by Looking Back at where we were just one year ago.

"A year ago the market plunged 34 percent in just 23 trading days as one-third of investors hit the panic button and sold. While some had second thoughts and repurchased stocks, others didn’t. Emotions ran high...The worst-case was priced into stocks last year until the bottom in March, then investors began to change...Investors anticipated the vaccines and pent-up demand that we are now experiencing. Stocks rallied … a lot...When something is in everyone’s best interest and there is no constituency for failure you should always count on a better-than-expected outcome."

Well, we've got vaccines and plenty of market sentiment as noted above, but I think these below words from Vomund are good for all of us to keep in our caps as we glide along.

Rollerderby, Skate, Roller-Skating

Pixabay

"It is constructive to look back and remember your emotions from a year ago when the outlook was so bleak. What investment decisions are you proud of and which do you regret? It is important to reflect on that because there will be more panic selling in our future. And you’ll be able to say, “This isn’t my first rodeo.”"

Have a good week.

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William K. 1 month ago Member's comment

Well written and informative, and interesting beside. And it is becoming more and more obvious that the federal reserve is either a bunch of doddering old fools or a team of arch- villians bent on destruction to benefit their "friends" in that top 1%, knowing exactly what damage they are causing.

And the worst part is that the course is set and any rescue is unlikely, since Superman has left the area.

David Marshall 1 month ago Contributor's comment

Thank you for the comments. As for Superman, can't hurt to keep an eye on the sky...

William K. 1 month ago Member's comment

One more thought is that it is not that"bottom 50% that are now investing, but mostly that middle 50%. The bottom quarter of the population still does not have enough to be able to invest. The lucky one have upgraded from "Broke" to Poor.