“But I also wonder if all these years of waiting have made me a perma-bear.”
I’ve been doing similar soul searching. I still see more downside risk than upside potential over the next few years.
“Could I actually miss the boat?”
What is missing the boat? Could you miss the exact bottom of the market? Yes. Are prices going to suddenly jump into the stratosphere again? I kind of doubt it.
This rally may be a bottom forming. However, we haven’t really seen yet what the market looks like without the $8k federal tax credit, and a lot of current numbers reflect sales that are taking advantage of the $10k state tax incentive as well. I think there is little risk in waiting to see where the market it headed next.
