So be it JWM, maybe you should not jump another poster so quickly if you do not have much conviction behind your views. I suspected your response would be along the lines of a pass on my offer. The offer stands to anyone else about the OC medians fate during the downturn.
None of us knows what the future brings, my opinion is no better than anyone else’s. Make no mistake, if we get 20% it will be a brutal recession we are facing, with widespread unemployment. I think alot of people fail to take into account the broader effect even a 20% equity erosion would have.
I lived through the last one up here and saw many friends part with millions of dollars. It could very well happen again.
