No market understanding whatsoever

in this article. New home sales rose 16.2%. Prices dropped by 11.1% (10.9% yoy) The sales rebound is just temporary. When people hear that prices are dropping, they will wait to buy. Builders will get desperate in a few months and drop prices drastically again. Meanwhile, the new home market is pressuring the existing home market.

We ain't seen nothin' yet. Look out below!

Just saw this after writing the above blurb. Toll Bros. 2Q profit down 79%. They even managed to drop below analyst expectations by 12%.

Everyone's thrown in the towel on rate cuts. Chances of a cut by September fell from 51% to 9% from a week ago. Time to buy Treasury calls for my Yahoo account. However, I want December if possible because that gives me an extra month.