Little did I know back in 1958 when I first started writing about the stock market and Dow Theory that I'd still be writing about the stock market at the tender age of 88. This Sunday we're having a party with, from what I gather, all my kids -- along with two of my lovely ex-wives.
O.K. I want to start with some good news. Robert Campbell of the Campbell Real Estate Timing Letter, (he was one of the first to warn of the housing bust) has mailed out his latest report, and in it he states that he has just received "more signs of a housing recovery." His "Real Estate Crash Index" has just signaled a buy for San Diego and Southern California housing. Robert uses a collection of technical indicators that he puts together to construct a real estate barometer. And I call his latest bulletin really good news.
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