The coming implosion of exotic loan products is substantially more important to our case than “reversion to the mean”. Don’t forget that the pendulum nearly always overshoots on the downswing, too, as extreme pessimism sets in.
Anyway, back to being “crazy”…I think I’ll take the wife to Donovan’s tonight to spend some of my hard “earned” cash and continue to eavesdrop on the conversations I have been hearing amongst our citizenry…sundevil–your brethren are becoming quite a bit more nervous of late. It’s been quite enjoyable, actually, watching formerly smug people begin to shit their pants.
