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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Proud_Infidel who wrote (34751)7/2/2005 5:04:25 PM
From: TommasoRead Replies (2) of 306849
 
My own dim view is that "the dark days of 2002" are going to look like a spring morning when the real decline in equities sets in. I guess that by making money so easy to get, the Federal Reserve has allowed the earnings of many companies to actually bring down those formerly stratospheric P/E ratios, but stocks are still on the whole overvalued by about 50%.

It is hard to imagine what will happen when ten million "home owners" find themselves upside-down on their domiciliar investments. The repo game will be more complex than sending out a wrecker at 3 a.m.
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