A diary of the thought process behind my investment decisions
Waiting For Bad News
Housing data for July will be coming out next week. If mortgage applications are any indication, and they are usually the best leading indicator for housing, than the data should be worse than terrible. The only question is how will the market react? If we get a sell off leading to the data than the initial reaction will likely mark a low. However, if we bounce before then we could see a second dip.