I know one person that predicted the S&P 500 would drop to 600 by Spring 2007 and that housing would drop by 50%. The first prediction has brought her to true “Yahoo” status. I’m thinking the second may only solidify that status, but we won’t know for a few years.
Being neither a disgruntled renter, a recent purchaser, nor a highly leveraged owner, I see this from a different perspective – I see yahoos on both sides – those who keep calling the bottom and those who expect massive drops any day now.
