The latest data from Zillow indicate that American homes will have lost more value by the end of this year than they did in 2009 – down a total of $1.7 trillion in 2010 vs. a $1 trillion decline a year ago. Richard Florida produced a helpful chart of the 2010 decline by region (click to enlarge), showing how uneven the fall was this year – four regional areas were actually up:
Volatility helps you time big and meaningful changes in market direction. And as it relates to the markets as they stand right now, it may be better to wait.
Many people age 22 don’t care about money: They expect to inherit it. For most, that’s a very poor assumption.
Many Americans will be receiving a bigger tax refund from Uncle Sam this year.
Don’t get lost in the negative media coverage of stocks.
