Joe: I agree with that assessment for our immediate area but when you predict a bounce back or not nationwide you are going to be wrong in some markets and right in others.

I'm sitting on cash hoping that your prediction for the crash is soon, but you make me want to invest now.

I might submit that the best day for him to receive the mailer is the day after he loses his job (or some other life-changing event) which of course is impossible to predict from where we sit. :-)

As an old pro with almost 50 years of personal experience and learned real estate investing and developing from my grandfather and father, I am of the opinion a new real estate and credit bubble is being created just like the one from which the market is trying to emerge.In 2003, I noticed the real estate bubble being created by the then real estate agents and investment amateurs and predicted a major correction.

I wonder what the troop surge request that has been ignored since August could do to help this international crisis that Joe Biden predicted would happen."

(I'm not much on Keynesian Economics as readers of the Chattel Finance Newsletter already know.)Predictably, Hong Kong and Singapore ranked ahead of us, as they have since the early 1950s.

All of these 'unexpected' expenses are actually VERY PREDICTABLE if you understand the business.

BTW - Both posted from the same IP, as predicted - 125.22.249.142 - from Chennai, India.

We all know Cook county is corrupt but I never knew how corrupt until I talked to a guy who's worked real estate deals in the US, South America and Europe and said the most corrupt government in the 3 continents he's ever had to deal with was Cook County, Illinois.It's easy to predict the results you buy and it became clear to me that the "oracle" should probably be named the "manipulator".Tim

Everyone thinks they are the one person who can see a coming crash....and some of the bears are bound to be right simply because they always predict a downturn, but they are wrong most of the time as the markets spend a much higher percentage of time going up than going down.Peter Lynch, one of the greatest investors of modern times though astutely pointed out that far more money has been lost by people trying to anticipate market corrections than has actually been lost in market corrections.