I would be happy to provide my status for your reading pleasure, provided you first quantify for us all what you mean by “mild correction”, both in magnitude of price decline (as a percentage of 2005’s peak prices) and in duration (in other words, how long before you feel we’ll surpass 2005’s peak prices?) I am sensing, based on your “replacement cost” post and this one, that you may be unworthy of my reply.
