I don't know. It should happen something like that. It would be nice.
I think housing has calmed down some. I guess it will ease more, but how severely and how soon? And what about the market plays? Sure many subprime lenders are likely roadkill. Freddie and Fannie are already less profitable, but knows how they were doing to begin with? But will the homebuilders turn out to be overpriced or underpriced at 6 times earnings? I can't tell.