In response to lendingbubbleco: I do not have the historical data for that time frame, but I recall that the stock market top occurred around mid 2000 (depending on the index), and by late 2000 I believe most of the optimism was gone.
Your point is valid in that the current CME housing futures may be way off the mark, which is why I recommended the more vocal posters take advantage of it (instead of name calling), especially if they are so sure of massive widespread price declines which have already occurred, yet seem to be under reported.
