Market timing

Fortune Magazine opines: “It’s time to examine the clichés that the “experts” – chiefly analysts and economists from realtors and mortgage associations – used to convince Americans that what they’re seeing now could never happen.”

No, actually, that time was last year. In fact, I blogged about shorting housing stocks and newspaper stocks, mentioning then-current prices. In aggregate, those stocks are all down roughly 40% today.