Monday, July 20, 2009

Identifying False Facts


http://www.bloomberg.com/apps/news?pid=20601087&sid=aHcr2O3tkOCo
The obvious will show that "things are improving".The market may take this as "the real estate market is gaining ground". Oops. One in every two homes being sold in the U.S. is sold out of foreclosure.Skews those "happy facts" a bit, doesn't it.
The Floydian Lesson: Read information, but do not believe interpretation.