Safe Haven | No Hard Landing

Mike Morgan:

Will there be a hard landing? No!

Will there be a crash landing? Absolutely!

Despite September's short covering of home builders and value buyers trying to cash in on low P/Es and stocks selling at or below book value, a hard landing is now out of the question. We're in for a market crash. Read between the lines, or read actual comments for content.

Here's what Robert Toll, CEO of Toll Brothers said at the Credit Suisse conference. "The market got ahead of itself in recent years, citing "greed on the part of buyers and sellers, and that the current level of speculative inventory is probably the largest ever."

Man, I tell you, I'm glad I'm out of the business today. There are going to be more than a few agents dodging enraged clients with resetting Option ARMs draped across their financial shoulders like albatrosses.