Yeah, a barometer I use for any meme is it hitting the front page of cnn.com, which the housing bust did yesterday. The great market psychology shift begins.

I’m not patting myself on the back about it though, as I felt it was inevitable. Kind of like speculating that the sun will set, the only question in my mind being the details of the process.

I’ve always felt arguing with the perma-bulls as counter-productive, as I’m *sure* some portion of them realized this was a bubble and were just blowing hot air before cashing out. Kind of like the pump&dump stock scams.