Delusional Deep-Slumbering Dreamer sdr wrote “in real time the biggest drops are occuring right now and will continue through the end of 2007.” Keep dreaming…..don’t let me disturb your sleep… it’s nice and warm and cozy in that bed and dreamworld now….but in 2008 a bucket of cold water will splash on you and jar you to ARM-Reset Reality.
That’s the land of $2 trillion of nationwide ARMs resetting, biggest rise in NODs and foreclosures, 10% unemployment, tough lending guidelines, and buyer fear, i.e. nobody wants to buy.
Remember how the bottom of asset bubbles end: nobody wants to buy. Fear reigns. Baby, we’ve got a loooooong way to go to asset bottom.
