Keep in mind the people calling 2008 the bottom, and there are even some saying 2009, are the ones who coined the phrase “soft landing” and claim the worst is behind us all the way down. They did it last year after a single month uptick in any data they choose to maniuplate.
This thing will go down as long as it went up, and with government interference, it will take even longer to correct, but it WILL correct.
See Rich’s latest post and you’ll see a reason why.
