Monday, April 30, 2007

Goodbye David Lereah



It truly is the end of an era. The National Association of Realtors' Chief Punching Bag has finally resigned. After years of declarations that there was no Housing Bubble, the NAR's Chief "Economist", David Lereah, is moving on to greener pastures. He joining Move Inc. as Chairman and partner. Can a former NAR Chief Economist with zero credibility, actually revive a company who's stock is down 95% from its peak? Investors seem thrilled with the news as the share price dropped by over 2% today. Karma?