According to a recent survey, 80% of homeowners don’t believe their homes will lose value over the next 6 months. This is really optimistic compared to the average analyst’s prediction that homes will decline another 10-15% nationwide. Homeowner optimism is one of the reasons why the housing crisis is taking so long to [...]
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How Long Will This Rally Last?
The markets have been in a sustained rally since hitting the March lows. Since that time, the S&P 500 has climbed more than 50% from the bottom. While we’ve seen some noticeable improvement in the economy since than, there are still many ominous signs that make me weary.
Firstly, second quarter earnings were largely viewed as [...]