The stock market is setting records.
Hmmm. I thought the housing bubble was supposed to burst which would cause an economic death spiral that would bomb us back into the stone age.
Strange. The housing boom peaked almost 2 years ago yet the stock market is hitting new highs. I guess Armageddon must have caught the wrong bus.
And now it looks like the economy will be strong into 2008. I don’t want to be inflammatory to the bubbleheads but it sure looks like the real estate market is having a soft landing.