COSTS OF DOING BUSINESS

Today began on a very optimistic note, as the markets started the new quarter on a "high". Just because two big banks will show a loss because of fraudulent loans, meant very little to the markets. The banks can just spread the losses anyway. When folks wake up to the fact that they've been subjected to "false terror" about the housing markets, there will be some real bargains out there. I suspect that that will begin fairly soon. Only two categories of folks need to be pessimistic: 1) those who overborrowed (for whatever reason), and 2) those who haven't taken care of their own credit. http://www.johncmartin.com/ has all the goodies in East Texas.