“Stretch out the process of bottoming” – is that to say the prices are near bottoms, but just may stay at these levels for a few months/years? Or are you saying that the decline in prices will take longer and now rather than hitting a bottom in early-mid 2008 (for example), it may not happen until 2009 or 2010?

Would it be better to buy near the bottom, or miss the bottom and end up having to buy a bit higher?