In the past few weeks I have been surprised at the overall negative tone here at Seeking Alpha. Aren't most of the people who read and write her supposed to be "professionals?" That is what has me more negative. You folks are supposed to know what the heck is going on...right?
My outlook is that we may hit a "ledge" here. When I used to rock climb you would make these crazy moves...(scared)..then you would find this nice safe ledge to stand on...but..guess what...you had to make the next move. Paulson et al have in essence but us on a ledge..a nice "safe place." But...its only a rest on the way down..not up.
Housing: Barron's Calls a Bottom [View article]
My outlook is that we may hit a "ledge" here. When I used to rock climb you would make these crazy moves...(scared)..then you would find this nice safe ledge to stand on...but..guess what...you had to make the next move. Paulson et al have in essence but us on a ledge..a nice "safe place." But...its only a rest on the way down..not up.