i dont dare shoring at these levels, market can go down the toilet, or can bounce very sharply, not a good time to be long or short...what kills me is that there is somany optimist out there...when oil above $40, milk above $4..refinancing gone, WM just announced 2800 layoff...and housing prices at risk...the highest debt ratio to gdp ever in history....maybe its time to be cautious.
i know this guy who just bought a house for 500k(same house was $200 just 3 yeasr ago)...so i asked him."howmuch did u put down?" he says "0, zip, nothing its so easy to get a loan, why should i put anything down. if housing prices keep going up, i sell next year, if it dosent, i tell the back came get your house, i havent lost anything with 0 down" when i hear stories like that, it scares me.