It then fell to a bottom on April 6th. Since then, it has been in a upward trend. Net Investor Activity bottomed on March 25th. Since then, there has been a sharp rise to May 13th. The reported earnings of the average U.S. company rose in the past month.
Stocks continue to look over-priced by many historic standards.
But, these measures remain unreliable indicators under the present unusual market and economic conditions. Some telecommunication service and equipment, recreation, publishing and oil issues are over-priced. This Arizona based developer produces adult communities and conventional high-end residences in the fast growing Southwestern and Southern areas such as Las Vegas, Phoenix, Palm Desert, and Hilton Head. They also have planned communities in Illinois, Texas, Florida and Northern California. They now build in many geographic areas with many styles and price ranges.