Is it just me or has anybody else noticed we are experiencing an energy shock. Also looking at LEH we are finding ourselves still in the throws of the credit crisis, also employment is taking a nose dive. Has anybody else noticed that the pollyannas on CNBC look really stupid right now. IMO there are way too many head winds (some approaching hurricane force) for the “bottom already come?”. I imagine you can find property at the bottom end of the market that will cash flow but don’t expect any appreciation for years there. Just my two cents.
