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|User Info||Where We Are, And Where We're Headed (2011); entered at 2010-12-30 20:43:55|
Registered: 2010-01-23 Southeast USA
Thanks, Karl, for your insight. I agree on all points, but I'm afraid a couple of your forecasts might be too optimistic. I think we will see 20-25% decline in real estate in 2011, but if Bernanke and Company are able to keep kicking the can for a while longer, this could be premature and your range will prove to be correct. I'm a little more pessimistic, though. Ultimately, I think we have another 30-40% down from current prices before we find the bottom in real estate. And I think the SPX will be well below 1000 by the end of the year. I thought it would happen this year but I was early. I agree with your forecast for a sell-off, a bounce, and then the main event crash, but the timing is the question. I think it happens in 2011 and continues into 2012. |
Thank you for sharing your knowledge, insight, and wisdom. Most of us who read this blog daily are better prepared for what's coming than the masses who rely on MSM for the truth. I believe there are severe challenges ahead for all of us, but forewarned is forearmed. God bless.