The longer they ignore the truth of the market condition the harsher the realziation will be. It’s only a matter of time.
It’s insulting to hear people say the market is strong, and I’m tired of hearing the unemployment is low, businesses are making money, inflation is low, spending is up and the dow is up 20% YTD. Good or bad, true or not, foreclosures are skyrocketing, MBS are dumping, and prices are dropping.
It’s only going to get worse for the next few years.
