First Up-Week in Two Months?
Buyers are trying to life the S&P 500.
Our View
The next big shoe to drop will be the housing market. I remember back in late 2007, a friend of mine that owned a mortgage and appraisal company told me, “there was no way all the people taking out loans would survive.” By September 2008, the average U.S. housing prices had declined by over 20% from their mid-2006 peak. This major decline in hou…