Originally Posted by teomaxxx

Maybe there could be short term bounce (or christmas rally), but in the long term this is not definately good time to jump into the market, except companies, who do well in recession times too.

"The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
From:
http://www.rgemonitor.com/blog/roubini/223214/