For the market to rebound without a resolution to the real estate market issues? Just trying to get a sense of how much longer to go.
i would say probably not. so much of consumer spending is/was based on the equity in their homes, so without that engine, a lot of discretionary spending is out the door. consumer spending is 75% of US GDP, and the fuel to that spending is dead. Good luck to the next president.
One thing I noticed is that people in recent months have been repeatidly burned by jumping in the market. Sour takeovers, foreign cash infushions, etc. People keep wanting bargain deals. Its too risky right now.
I say no too. I think housing is a critical area that needs to stabilize before the economy gets materially better.