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Wednesday, July 15, 2009

People have very short term memories...

The current financial crisis is FAR from over. But everyone acts like it's over with the second best rally in the ENTIRE history of the stock market during Q2 of this year and sellers receiving multiple offers again on real estate deals. We are in the eye of the financial/credit hurricane that's why the winds has calmed down and the sun is out. Don't be fooled. The hurricane is picking up speed and will hit us again in Q4 with the most damage still to come some time in 2010. Another wave of mortgage resets will come Q1 of 2010. This time, even folks with jobs and good credit will NOT be able to save their homes...

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