Any guesses as to what the end of the 3rd quarter will look like on Thursday?

i work in finance and it's been crazy busy. the dow keeps climbing for no real reason, it's all just emotion, greed, overtly unrealistic optimism, but these are the strongest forces that be.

UD and Times already reporting...

its DOWN...

http://www.streeteasy.com/nyc/talk/discussion/14985-ud-quotes-ny-times-manhattan-3q-prices-down

"However, a review of property records shows average co-op and condo prices falling to about $1.25 million in the third quarter, off 2 percent from the previous one, and 6 percent from the third quarter last year."

"That represents a decline of 25 percent from the peak prices in early 2008. "

more activity but definitely lower prices. cant wait for them to hit the tape and the bulls to start makin excuses

have seen alot of the really highend properties cut by 50% but the average 1k apt seems to have dropped about 20%

well said glamma

> more activity but definitely lower prices. cant wait for them to hit the tape and the bulls to start makin excuses

Absoutely.

Hey, if they managed to "miss" the market going down 20% - literally not one of the 100 bulls here admitting they were wrong - a few more points will be no sweat for the rationalization machine.

If anyone plans to measure total quarterly dollar sales volume (as opposed to unit sales), I think that's where you will find the really shocking numbers.

Can we preempt the rationalizations? For example, every bull will focus on mix changes.

Of course, these would be the same bulls who dismissed mix change discussions before the crash was confirmed...
But, of course they'll be hypocrites as usual.

Lets also add....
Yes, but those are OLD contracts closing, before our imaginary increase.