My friend predicted what would happen, albeit three years off. He was always talking about stats and figures though. I don’t believe he was looking at the psychology.
In terms of momentum where is the avg Joe’s psychology at? Has the media doom and gloom blitz yet blossomed into a media blitzkrieg? My casual observation is that as of 06 the mentality was “buy now because this thing is gonna go sky high forever and don’t get priced out”. Have we hit the opposite side of that mentality yet?
I guess what I am asking is can these measures offset psychology…and everything else for that matter? Or are we just applying brakes to just one car on the freight train going down hill?
