[Afronaut]

“We have absorbed a little more than half of the expected losses in the housing decline. We have seen only a third of the housing price decline that we expect.”

- Freddie Mac CEO Richard Syron, March 2008

Folks this it the the bottom of the 2nd inning, The 3rd hole, the middle of the first quarter,

you ain't seen nothing yet!

[Ernest_at_the_Beach]

My comment on “the bottom” was relative to the stock market....could be the bottom for the dollar and the GDP...housing is another story...