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URL:  https://boards.fool.com/nothing-has-changed-in-the-last-two-days-the-33604224.aspx

Subject:  Re: Time for a Few Small Repairs Date:  1/23/2008  9:56 PM
Author:  DumbAnalist Number:  27448 of 533

Nothing has changed in the last two days!

The housing bubble has burst and all the effects are yet to be felt. New home construction is at a 30 year low and layoffs in the ancillary industries are just now about to happen.

The wealth effect from percieved home equity gains has vanished and the housing consumer (who was responsible for much of the last 6 years of growth) is about to quit spending.

The market did a classic "dead cat bounce" today, but will continue its downward spirial tomorrow.

 


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