[Always Right]

I know, you weren’t really being a doomer, but the market is in much better shape than you give it credit. Overall, corporate earnings are coming in better than expected. There are problem areas in financials, housing, automotive, but there are more areas like technology, aerospace, defense, agriculture that are doing great.

[TeddyIke]

But we keep adding a sector to the negative side of the ledger. It really looks to me that housing is going to pull us into a recession. We won’t all be doomed but we are over due and its starting to look like a perfect storm.

Oh, and my housing prediction is -10% over the next 2 years as a nationwide average. And then flat for a couple of years after that. And it will only be that bad if government doesn’t come in and “fix” the mortgage loan process.

[BrooklynGOP]

The economy and the stock market are not the same thing. The economy is in good shape, the stock market will correct itself by 8-9% by the end of the year :P