We’re in a holding pattern as far as housing and the economy are concerned. It’s also summertime, and people tend to drop off a bit while they go out and actually enjoy life for awhile. 😉
It’s long been said that we’ll know the bubble has burst when the bubble blogs see dwindling participation and readership. Still, Rich is providing us with some exceptional insight, and I also enjoy most of the O/T posts. They help keep me entertained while we wait for the next step.
We’ll probably see more juicy stuff as we progress through the next few years.
Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.
As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).
