New home sales plunge to lowest level in 16 1/2 years

Yahoo finance AP ^ | Thursday April 24 | Martin Crutsinger, AP Economics Writer

[blam]

"Sixteen years ago would be 1992. Was that a time of depression too? "

That was the worst economy in 50 years, wasn't it?

[AndyJackson]

I buy to hold, and leave speculation to the really smart people,

But what you have done is to declare the present moment an excellent speculative opportunity. It is your words, not mine. This is nothing like an historic long term buying opportunity. There has to date been a minor market correction, with everyone holding their breaths hoping that Bush's $600 per person tax rebate or the heroics of the Federal reserve are going to save people from what has got to be an all time historic record in speculative folly.

[YHAOS]

"But what you have done is to declare the present moment an excellent speculative opportunity. It is your words, not mine. "

Please direct me to where I called the present housing decline a speculative opportunity. You have chosen to cast what I did say in that light, but they are your words and your interpretation. To what end, I can't imagine. To promote an argument? To demonstrate the amazing breadth and depth of your knowledge? Did my uncle bankrupt your daddy at a game of poker on a transport coming back from CBI? I don't know.