Quote:
Originally Posted by BYU71
My own personal opinion, or hope, is that the smack down started soon enough that it won't turn out to be a bear market or recession. The longer the excesses go, the tougher the pull back is. Right now I don't have any clients who are wanting to sell. I have had them hold some cash through the summer and they are antsy to buy. I keep telling them to wait a little longer. I hope I am not wrong in waiting. If I am they will let me know about it.  |
So you are thinking that this fall will not be as ugly? I could forsee the tightening of credit cutting into consumer spending in a big way, that could further undermine the confidence to lend. On the other hand there have got to be big bargains in the financials after all of this shakes out in the next six months.