SUCH CONVICTION

You have to marvel out how the so called experts can make a call with such conviction with so little evidence.

 

* Bloomberg reported that according to the California Association of Realtors, single-family home prices in California — the epicenter of the housing market's collapse — edged up 0.3% in October from the previous month to mark the eighth monthly rise in a row. Also, sales of existing homes moved up 1% last month from a year earlier. "California has hit and passed the bottom of this real estate cycle," Leslie Appleton-Young, vice president and chief economist of the Realtors group, said.