Confidence slips to lowest level in 16 years
California Economy, Housing Downturn should be hurting more....
I believe in Silver Linings and I believe that all markets go through cycles.
I'm writing this post because it seems as if everything I've been reading is very negative. That sometimes can be a contrarian indicator.
Now I'm not saying that we don't have more downside and I'm not trying to sugar coat the market we are in, at the same time I think that these types of markets do end. Whether we have felt the full effect of the subprime mess and the foreclosure aftermath is anyone's guess.
Let's not forget about the brewing mess over at Bear Stearns and the potential waves that could cause.
Having said all that I'd love to know what you market veterans think of our current situation and where you think we are going in the next 12-18 months!
Please, don't be shy!
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