[quote=CA renter]Well, this bubble still isn’t over. I know everyone is out celebrating the “end of the recession,” but I think we still have a long way to go.
I don’t remember the exact details, but PS was predicting 40%+ (yes, probably 50%) at a time when most people thought we’d see no more than a 15% correction. I’d say she was more correct than the milder bears.[/quote]
No one said this bubble is over.
Yes, she was all about 50+% decline, not 40+%. Who are these “most people” you’re talking about. Even sdr, who back then many considered to be too bullish, were predicting around 30% decline in NCC areas. BTW, timing is key and by her prediction, we should be at 50% decline by now.
