The momentum has taken a turn for the worse IMHO. It is getting ugly, investors are getting hurt big time.
What puzzles me is that everything is going down, bonds, REITS, pharmas, gold, silver, copper and what not.
Real estate, people bidding house and condo prices up, will take a shellacking. I saw small beachfront condos going for $1 million near Charleston for crying out loud. I am used to it in SD, but we're talking SC here for crying out louder.
Real estate is what sustained the entire economy for the last three years, with cheap money and the game is over fer sherr.