Surging Housing Prices Are Entering The Stratosphere- Look Out Below

In my Inflation-Adjusted Housing index article, I included a chart that showed recent housing prices skyrocketing not only in nominal terms but in inflation-adjusted terms as well. This means that from a historical perspective houses are more expensive than at any time since 1900! In today’s article, Elliott Wave International editors tell us why we should expect housing prices to decline.

Oil and Gas Stocks

Oil and gas along with their equities have been underperforming for the most part of 2012 and they are still under heavy selling pressure. I watch the oil futures chart very closely for price and volume action. And the one thing that is clear for oil is that big sellers are still unloading copious amounts […]