This is, IMO, the economic equivalent of a Dead Cat Bounce on a chart similar to what happened following the '29 crash -- the lull before the real storm begins -- just like it was in the '30's. I see more and more articles stating the housing decline is over, this is the bottom, buy now. IMO that is nonsense, and housing will drop further, perhaps much further. At any rate, my motto is prepare for the worst and hope for the best and try not to get snookered along the way. . .
All JMO, of course, and I sincerely hope I am waaaaaaaaaaay wrong here!
Newly
PS My cousin's husband just got laid off -- his job was outsourced to India.
