A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.
So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.
Personally, if I was short it would be real estate and financial sectors only.
