Quote:
Originally Posted by Slava
Jeff Rubin also predicted that the stock market was going to close at 16,200 at the end of 2008. In case you were living under a rock he was off....by about 8000 points!
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then it's a good thing i'm talking about the housing bubble and not the stock market. admittedly, i thought he was on crack when he mentioned he was bullish on the stock market.
he is not the only one to talk about the next wave of the bubble. i've looked at spreadsheets directly off of government websites, that shows the dollar figure amounts involved with those 2 types of mortages. if you understand what these types of mortgages are and how they were used, i think you'll see the housing related (not stock market) issues to come.