The banks now have strict lending standards, so we are told.
Sales are surging, inventory is plunging. The stock market is up 25% and everyone is talking recovery late this year. “glimmers of hope” they call it.
Now, if I were a fence sitter I could see myself seriously sucked into this. In fact, there is a good chance I would be out there buying except that the cash for my house is in CDs that expire late this year so I have to wait. One of the reasons my CDs expire when they do is I was afraid of the time (like now) when emotion would get the best of me.
Anyway, I would guess that upwards of 80% of the “fence sitters” are jumping into the market. Does anyone have a clue when this group of buyers begins to exhaust its self?
