garykline

Housing, Lehman, and an End to Market Euphoria

Rather than this being a time to buy--especially anything as significant as real estate!--this seems like the time to wait for the two-third to three-fourths of the rest of the decline.

Re the fed, this is when a 250-basis point increase would seem appropriate. Since all of us have the hook about to be stuck firmly through our flesh. Face it, people: this lose-lose situation has been the elephant in the clothes closet for countless months.