Doom just loves the MSM. Yesterday investors were lining up to jump off the Sears Tower …
CHICAGO, Oct 16 (Reuters) – Wall Street’s favorite measure of investor fear, the Chicago Board Options Exchange Volatility Index, briefly vaulted past a record 80 reading as U.S. stocks ended sharply higher in a volatile day of trading.
… but a few soothing words from Ireland and everything is back to normal 
European stock markets continued to rally this morning as investors were calmed by an overnight rise on Wall Street.
So is the worst behind us? Doomers please tell us what you think.
And would somebody please talk Igor out from under his bed?
Quite surprised to see that question on this blog… “So is the worst behind us?” I would think you know better than that. We’re just being lulled into a stupor. Actually, maybe you’re right and the worst is behind us, getting ready to give it to us in the behind. Being a CA realtor for 10 years, I sold everything I owned in ‘06 and moved to Las Vegas. Now, I get to see what’s happening in both markets. CA escrows are stuck in nowhere land, going noplace, then after a couple months they resurface as BOM’s (back on market’s), hoping for another go at it. Vegas is just plain sad. It’s about time that I take another drive down the Strip and take a gander at the cranes just bobbing around in the breeze. I do understand, from family in the building business, that “collections” are now the main job of anyone in the building business. Just trying to collect what they’re owed is the #1 job now. No, the worst is not behind us. What’s happening now is that we’re just beginning to face reality. We haven’t even hit PANIC yet.
Agent -
twist was talking to Hubble recently. Maybe this will cheer you up
“Resales provide only good news in housing”, by Hubble Smith, Las Vegas Review-Journal, October 17, 2008.
twist -
Just finished reading Andrew Lahde’s rant. Wow.
Andrew -
If you worked out your strategy independently, well bully for you. If our Safety Net series was of some assistance, and should you happen to be peeking in on us this evening — Good bye and God Bless.
AGENT, the worst is behind if you’re a short seller. What’s with this going from the frying pan to the fire. Cally to Vegas? At least Cally has water to soothe the burns.
I doubt it, inflation is stil coming, while wages and good jobs are not. Warren Buffet may have called bottom on the stock market last week.
I think anyone with any common sense should be able to see that things are going to continue to get interesting though.