all day, cnbc and other stock news has been reminding us this is merely a 'correction' and that pps will once again go up, once it is over.....as fare as the sub-prime...that was the excuse for the asian markets dropping, again, last night....which was to have spilled into the US markets, today...from my own perspective, a couple of families here, in my town, that I know of, just might be losing their homes, because of it--more job losses just last week...real estate in MI. is priced high compared to other parts of the country...for the houses I would never choose to live in...the sub-prime loanees do pay a premium for their loans--no doubt about that...I guess the trickle down affects of the sub-prime problem depends on what part of the country is affected.....and then of course---according to some--this was a 'planned correction'....and I agree, this would be a good entry point into the market, in many areas....
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