I am telling you guys… do not underestimate that denial is still strong. Believe me I do not believe the market will go up but alot of stubborn sellers sure the heck do.
Look… I think most of us on this site are pretty bright. Still though, none of us should be surprised when there are new bailouts proposed, when there are more stories about the lending industry forgiving loans, and about the amount of stubborness/denial that still resides in the minds of sellers.