Hunker down…gonna be an interesting ride for all of us.
It will be interesting to see what happens on Wall street next week. Consumer sentiment and spending is still high, however this may not last long. All the lead stories on national news networks seem to be stocks slide and real estate problems. Will this result in a reverse wealth effect? Consumer spending is accounts for >75%+ of economy. I’m sure that someday I’ll again be bullish on both real estate and the stock market. Certain sectors will probably continue to thrive and some Hedge funds have made big bets against housing and are making a killing now.
