Nice rant, vitaly...and your logic seems to be agreeable...
I see one more setback, 16 to 18 months out, when the fallout over financing and refinancing (mortgages) hits the fan...In my minds eye, I envision it on a chart to look like a reverse head and shoulders, and right now we are halfway through the head...
We are positioned (I believe)with the spring and into the summer (with the return to financial and credit stabilization throughout the markets, real estate and the global economy) to see the classic bull market run for a 16 to 18 month term, when we hit the shoulder dip...
All IMO...ahead of the curve is the contrarian...If you are investing today, that is precisely the definition you fall under
