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The problem is where to put your money.
From NY Time,
"David Rosenberg, a Merrill Lynch
economist, says that the stock market is overvalued by 10 percent
relative to corporate earnings and interest rates. And remember that
stocks usually fall more than they should during a bear market, much as
they rise more than they should during a bull market. The
situation with house prices looks worse. For
prices to return to the old norm, they would still need to fall 30
percent across much of Florida, California and the Southwest and about
20 percent in the Northeast. This could happen quickly, or prices could
remain stagnant for years while incomes and rents caught up." | 
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发表于 2008-1-23 07:11:00
