Ok, so let’s assume the “wave” does hit. What does it do to the economy?
Everyone is currently focused on the ‘recovery’ and the current feel good trend both with stocks and the manipulated job numbers. The housing numbers are being pumped as well, see the charts. 😉
Once the euphoria of ‘inventory’ is done then what? Ever increasing sales? Higher prices?
What if the multitude of news programs/sources reporting the huge increase in “foreclosures/short sales” has the opposite effect? The average consumer becomes fearful of all the foreclosures happening and refuses to spend dime one except for here and now essentials?
Is this coming deck clearing for the shadow inventory a good thing or fraught with un-intended consequences?
P.S. TG, while you’re taking (or giving) one for the team, could you ask during the cigarette break when I should bail from the market? I’m past my LTCG date and am currently sitting on a fair gain from 3/2009. I need to know when to bail. The youngest needs a new car. Thanks man, oh and I can’t help with the viagra, but do have access to Cialis if you want to switch up.
