Prechter has cried wolf a few times in the last decade. But in the last few years EW has been right on target. So gotta give them props. They called it today when everyone else was saying “choppy weather”.
But Stevie Wonder coulda seen this macro picture comming. If we’re blaming this melt-down on prime imploding, then hang on to your hats as Alt A and prime/jumbo prime start to cave next year. Man, this may be the bear of all time. Wish I had the balls to really short it hard!!