Here's a link to an AP story that ran over the weekend:

http://m.apnews.com/ap/db_8559/contentdetail.htm?contentguid=FDzGH9Rw

In it, a bunch of people from the government say that we are on "the verge" of coming out of the recession. I can't belive the absurdity of these statements.

The fact that we only losing 550,000 jobs a month instead of 600,000 does not mean that we are on teh right track.

The fact that home prices continue to deteriorate, just not as fast as they were dropping before, does not mean that the Real Estate market has hit bottom. If it starts to rise, it might mean that.

I predicted well over a year ago (check my earlier posts) that the housing market won't hit bottom until 2011. I hope I'm wrong, but I don't think I am. There are still millions of homes in foreclosure that need to go through the system before we come out of this mess.

Before I start to get comments saying that I should be positive and not a "naysayer" I want to say that in this market and this economy, there are millions of people who are thriving. Regardless of the market as a whole or the economy as a whole,  there are tremendous opportunities now and always. That is the beauty of our country and capitalism.