I think that the PermaBulls would prefer that I go away. I blatantly disagree that a 50% correction would be akin to Economic Armageddon. Regardless of YOUR wishes, the market is going to drop and it is going to drop big, probably on order of 50%. Whether you like my prediction or not, it shall come to pass. So what if house prices go back to where they were 4 years ago?!?!
True economic armageddon will come IF we find out that too many people are “swimming naked” when the tide goes back out.
I have experimented with posting for the last time, I think. Good luck to anyone who thinks that buying on a 20% “dip” is a great long term investment!! I’m out of here…
I’ve got some granite countertops and Hummers to re-possess…FOOLS!!!!@
