SDbear,
Other guy here. My view and comments are essentially identical to Adam’s. I just report facts with an occassional hypothesis of what might happen given these facts and what I see anecdotally. Pretty much everything Adam says I agree with pertaining to the market and the market forces at play. I am hardly bullish on the market in the next several years though not as bearish as many around these parts.
SDR
FYI: Sorry but you are a little late! If you check back on my posts I declared we were back at 2004 prices and in some cases late 2003 prices 6 months ago!
