Geez, John, don’t hold back. Tell me what you’re really thinking!
You’re right about one thing, though: All the sound financial thinking in the world is trumped by maternal instinct.
It is hard to imagine any sort of justification for buying right now. I know the tenor of most of the posters here is decidedly bearish (myself among them), but the constant stream of news about the present (and upcoming) bloodletting is quite easy to interpret. Even the usual propaganda sources (NAR, Mortgage Bankers Assn, the UT) are dour, and no amount of white washing can conceal what appears to be a disaster in the making.
Again, might be just me, but I don’t think so. Watching Bernanke’s gyrations regarding interest rates and inflationary/pricing pressures, one is left with the real sense that the NASDAQ/dot.bomb bust is gonna be a piker compared to this one. This guy would literally prefer to cut off his own arm than raise interest rates again.
