Go Blame It On The Weather… Why Not?

Calling out the idiocy of of news:

This morning’s catastrophic drop in the National Association of Home Builders sentiment index has rapidly been spun as due to the weather… of course, makes perfect sense, right? What would happen if these drops were actually real fundamentals? If the status quo, the “common knowledge” was shown to be full of shit (once again). Well, riddle us this Batman… if weather was to blame, then why did the “West” region plunge the most? In fact, why did The West plunge the most on record? Too much sunny dry weather not good for sales? In fact, even the entirely indpendent provider of real estate research Trulia said that weather is not to blame…But sure, as opposed to face up to reality, keep blaming the weather…

See entire post with graphs here. Reason #234 to consider trend following.

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