I think it will rebound in the fall. For those with the dough these are great times to get even richer.

I do wish Greenspan would stay retired. Every time he opens his mouth lately the market dives.

This problem was based on greed all around. People who shouldn't qualify for a loan took f'd up loans. Mortgage companies shouldn't have been allowed to come up with these interest only or variable rate loans. They shouldn't be able to sell the f'd up loans either. Any fool could see the downside. Next will be the credit card industry. They shouldn't be allowed to grant credit to someone who has no income. It's a no brainer. If they continue to do so then they and they alone should eat the loss.
I really like the people who took home equity loans to play the market. What were you thinking?

Our economy is plagued with short term thinking. It starts with the CEO's and permeates down to all levels. It's get in, get the big bucks for myself and get out. Few seem to see past tomorrow any more and their memory is short term as well.