Until you’re able to look back on the bottom? I love economists.
Things change so fast in the breathless headline-writing world:
How do we know that the housing “bust/correction/adjustment” (how about “change”) is over? My answer – when we are able to look back from a perspective of nine to eighteen months and say, “see, here are the data, this is the trend of where we were, and here is where we are.” Until then, speculation about every move – a move of any kind - of the market is just that – speculation, even if it’s educated speculation.