I have always said bail out measures will lift the support level but not slow the pace of the correction which would be faster than most people,realtors include, think.
About the Video. Cramer should admit he has been reading Rich’s blog. It is so obvious. I think Cramer believes the big institutions will get plenty of what they need, whether it be reserves, more discounts, loan purchases by gov. and any desperate policy to raise the floor on this correction. I trust he is right. This in not to say they are all going to survive.
sdr..Don’t know how I got missed in the love fest?I specifically mentioned a moratorium on resets before they happened and the point about bailouts lifting the floor on the market. Do I sense a Realtor clique? Maybe you just missed it.Lmao.