Extremely pessimistic view. Why do you choose 10-20 years until recovery? What is the basis for this prediction?
Agreed. While this may have been a "crisis" it will not last 10 years. Recessions generally last 12-14 months. I think that the REAL ESTATE market will take some time to recover and be at levels relavant to where they were a couple of years ago, but real estate moves in longer term gaps anyhow. The market will not take long to recover from this as long as the correct measures are taken. As always, investors have over exaggerated this mess and everything is oversold. Once the big money starts coming back in, the markets will really start to pick up.
Like sheep to slaughter. LMAO (Really). Banks, retailers and home builders led this 'rally.' LMFAO @ 7.6% unemployment, too. Try 15% or more!!! It's hilarious!
You're right about that... http://www.elitetrader.com/vb/showthread.php?s=&postid=2293605#post2293605
Why would they do that? Unless there's some technical resistance in the way, an NFP report that's good for a 3% pop will still be good for a 3% pop no matter what the market did the day before.