The housing industry is still cooling

Housing starts have plunged and there seems to be no green light in the near future. Even with low interest rates, the future is uncertain. Market forces have gathered into a market slowdown phase. Even with the recent good corporate good earnings report, only a few companies produced the impetus for the upward blimp on the stock charts.

How long can the economy slow down from energy prices and food prices escalating in proportions that effect ever other area of the commerce, before it effects earnings? My prediction is that it will eventually knock the market off its tracks. And, it’s not going to be nice to watch.