The banking/government industrial complex should look at this, and think everything is fine – don’t spend any more trillions!!
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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agreed! Things are finally looking to be stable…if we can avoid further regime uncertainty (http://www.independent.org/pdf/tir/tir_01_4_higgs.pdf).
I’m old enough to remember a “rule of thumb” that you could expect your investments to double every 7-10 years. In contrast, at the peak during the mania, in some markets, prices doubled in LESS than ONE year.
And for those who weep to look at the “losses” (and I am truly very sorry for you if you bought at the top and want/need to get out now), if we could also see the “pre-bubble” levels in this chart, I think it would show that we might not even be very off the “normal trajectory” we were on before the mania started…. That is, we are probably just a bit above 2001-03 price levels, in line with “normal” appreciation. Being back in line with a previously “normal” line is considered a “good” market corrrection.
Welcome (back?) to the new normal…barring any additional financial catastrophies, of course.