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Old 11-13-2008, 12:45 PM
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MaTH716 MaTH716 is offline
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Join Date: Nov 2006
Location: Jersey
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Quote:
Originally Posted by dalakhani
You are correct on all that you say but regardless of market conditions, at some point there is value...even now.

An interesting point came up when a couple of colleagues were chewing on the gloomy state of the market. IF a good perecentage of the economy was created by poor credit risk, does that mean that the contraction that we are experiencing is more longterm than short? The points you made in that post support that premise.
I believe that this is not going to be a short term problem. It is going to take a couple of years (at the least) for us to snap out of this slide/recession. It can't/won't happen overnight. The biggest thing (I think) that has to be fixed is the job market/unemployment rate. People need jobs so they could pay their bills, buy things and most impotantly create tax revenue. That's where it all starts. Until then, everything is going to continue to snowball.

You are right about values, but when the market is so one dircetional like it has been (even on days we are up) it just doesn't matter right now.
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