A year ago the housing bulls on this forum were saying how no one knew what they were talking about and had interpreted the housing market all wrong (i.e., no bubble).
I wouldn’t be so quick to make your call on the stock market. I think there is a lot that will unfold in the next 6-12 months that will not bid well for stocks. IMO, consumer spending will be greatly reduced by the housing slump and this will trickle down in the form of reduced profits, expectations not met, and lower stock prices. Why do you think stocks will stay hot?
There are some on this site who think banks could collapse and uninsured (or even insured) CD’s may become worthless but I don’t believe the majority of participants feel this way. That’s where my money is, so I definitely don’t feel that way.
