What to Do When Nobody Knows What’s Next
Tuesday, April 5th, 2011
In a post we put up at the start of the mortgage meltdown we explained why we agreed with Freddie Mac’s chief economist, Frank Northaft that “We just don’t know [when the market will hit bottom or how low prices will drop] because we’re in totally uncharted territory.”
As if to illustrate our point, after we wrote that we saw huge swings in stocks as Federal Reserve leaders twice surprised the markets with supposedly clear indications they intend to further reduce rates.
So now, after 4 years of uncertainty, we’ll revisit the logical next question of what buyers and sellers should do in such an uncertain situation, because the future today is still pretty cloudy.
The Key
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