On Saturday, I posted this chart and wondered why "Some people were calling for a housing bottom." That generated a ton of emails asking about for further clarification.
The people I referred to were the usual happy talk TV suspects (i.e., Cramer) who have been perpetually wrong about Housing for nigh on 3 years. I not only disagree with them, but don't respect their opinion -- essentially headline reading gut instinct big-money-losers. No thanks.