Fed is fckd; no way to avoid stagnation/ inflation..equities in strong bear market with worse yet to come..financials in a downward spiral..homebuilders will continue to fall..mortgage rates will increase, unemployment rising..defaults no where near bottoming..haven't even mentioned credit crisis about to emerge big time(massive credit card defaults with credit card swaps:insurance for CC companies failing)
bg, yoU have a point, but if we are going into deflation which it looks like now with energy and metals leading the way....everything is coming down. You think the smart boys are running from metals because they cant see a rebound coming? These are very uncertain times. I feel that homebuilders are going to get creamed because we havent had one major one go under yet. Once that happens, the whole sector will plummet. Nobody is buying new houses. So what if sales are stabalizing in some areas. Noone is ordering new homes!!!!!