Thanks for the post and quote... but whoaaa..... Whisperer, easy on my conclusions. I pointed out a trend using just one simple metric. Obviously there are others. A "Seller's Delusion Ratio" of 71% is still not the 29% of February 2011. It is 3 times worse. The noteworthy point here is the trend.
It was certainly a seller's market at 29% and it was certainly a buyer's market at 244%.
I am not aware of anybody else who has used this metric to define a market as a buyer or seller's market and I cannot say for sure at what point in the SDR ratio the market is a buyer or a seller's market.
It is the recent trend to lower ratios which caused the observation. Obviously other metrics need to be examined as well.
Click 'comments' below to contribute to this post.