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Re: vip1999 post# 23714

Monday, 09/15/2008 5:16:26 PM

Monday, September 15, 2008 5:16:26 PM

Post# of 24183
The way I understand it VIP, is that literally everything now hinges on the housing market. And from all the info I've been able to put together I'd estimate the housing bottom/stabilization to happen in roughly 9mths to 1 yr from right now.

And if the market is truly a forward looking animal that sees approx 6mths into the future I'm guessing that the buying won't start for at least 3 mths to 6 mths from right now.

Put another way...we have 4 1/2-6mths more downside in the overall market.

Just a humble opinion by your's truly of course, but that's what I'm going on for my strategy.

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