[turbo6bar]

I admit I was a bit wrong regarding the housing bubble. There wasn't a housing bubble. It was a credit bubble. I do not believe equity markets can make meaningful moves until credit woes are fully disclosed. Big heads state the climate hasn't been this bad in decades. It's worrisome considering the worst may still lie ahead.

I do not have coins enough to play in the credit markets. Some good deals may actually be present. I'll pass on equities, for now. I want to see capitulation there first.