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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (118160)4/23/2008 6:02:55 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>>Averages being propped up by Exxon, Walmart and multinationals due to the weak dollar..look beyond for the destruction and it is a lot like 2002 all over again.<<

Nice theory but even the Wilshire 5000 was less than 20% off it's peak at the depths of the 'depression' on March 17th:



Consider the October to March decline to be wave one down. We're now in wave 2, which will inevitably be followed by (you guessed it!) Wave 3, the Big Kahuna. My guess is that the 2 runs maybe a few more weeks, then it's sell in May and go away for a year or two.....
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