One of these days the bottom callers will be right. This does not happen to be that day. Did anybody read a post showing headlines in the early to mid 90’s describing the downturn. I think the media pointed out every Spring that there was an increase in activity and signs a bottom was being put in only to be followed by more malaise. We will see many false starts. There is cash on the sidelines but it does not remotely begin to compare to the cash provided by lax lending available to anybody with a pulse and in many cases actual dead people earlier this decade.
