The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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Reilly Diefenbach

roguedolphin

To: dealmakr who wrote (92219)	6/13/2013 6:25:55 PM
From: John Pitera	2 Recommendations Read Replies (4) of 119358

Hi Deal, You are spot on Meredith Whitney will most likely be vindicated in her projection of many municipality bankruptcies and work outs, and many cities, counties and states have some real tough sledding over the next 12 -24 months. The thing that even the real seasoned professionals do not realize until they get into their 50's and '60's is the time element..... these Macro events can take years and years to develop mature and then with lightening rapidity, we have the major turbulence ala Q3 and Q4 of 2008. I believe that is why WD GANN always stated that TIME is the Most important Element in the Markets John

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