I have to say I can’t disagree with you. Currently, I’m 70% committed in stock market, the rest is in money market ready to buy at the dip. I do not see a direct correlation between stock market and the RE market. PE is around 16/17 overall. Growth at the overseas are still rising.
I think sub-prime meltdown will directly affect part of the financial sector, but to the overall market, I don’t see a major crash. I could be wrong, but I’m always invested with a long term horizon, so when the recession hit, I just see it as a great opportunity to buy more shares at a cheaper price.
