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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (160794)	10/28/2008 3:02:22 PM
From: ChanceIs	Respond to of 306849

>>>leverage being permanently lowered, it could be decades before we see Dow 12000 again, or oil in the 140's, or shacks in California selling for $800K<<< Not sure about oil, but for sure on the DOW and housing. The government will try to prop it up, but I don't think it can. Things will ring here for a while. Too many amazing things are happening. Radical currency shifts - you know the buck has to have a big retracement. Oil will have to bounce back up. A lot of cash has left the market. I assume that it is under mattresses. It will want to get out in the daylight in six months perhaps. From what I have heard, the overall money supply has remained flat. IOW, the money printed by the CBs has more or less been destroyed by asset price declines in the mother of all deleveragings. The sideline cash will provide a lift - sometime.