You have a charming faith in the reports about "The housing industry." Did you know that new housing starts
dropped 17% in January, and a like number in February?
What's that? You were told they increased 17%?
Welcome to the world of "seasonal adjustments," pal. If you believe these clintonian numbers, fine--knock yourself out and "buy the dips." Just don't mislead the more trusting readers here into thinking a stock market with declining profits and 40+ price to earnings is a great investing opportunity.
When did I say the stock market was a "great investing opportunity"? All I did was point out some of the major differences between the Japaneese economy and the American economy. I get so tired of people using this website as a place to make poorly reasoned attacks on other posters. FR is not meant to be a place for you to twist other people's words around so you can vent your frustrations against other posters. By the way, seasonal adjustments have been a standard pratice in the world of statistics for decades. They are not an invention of the Clinton Administration or any other administration.