OK, davidpeace aside, where are the permabulls ?
Seems to me that even the David Lereahs of the world are hoping for only moderate declines (5%) in values, hoping that it doesn’t become a rout. Is he still a “perma-bull” ?
How about different categories of bears:
PapaBear : The market was way too hot. anticipates 35-50% nominal price decline
Mama Bear : The market is already too cold, anticipates some leveling and only a 5-10% decline, followed by slight warming.
Baby Bears : The market will be just right (in 2-5 years), 10-20% correction.
