When will housing recover, Never?

But Bernanke sure as hell isn't giving up on the bubble yet:

http://www.bloomberg.com/apps/news?pid=20601213&sid=auzewaDW61Gc&refer=home

Bingo...

"1. Bubbles do not re-inflate in the asset class which just popped. It is simply a truism that bubbles never reflate, ever. Tulip bulb valuations did not rise to stratospheric heights after the Tulip Craze popped, and the Nasdaq dot-com bubble did not reinflate, either, for the very good reason that bubbles are never based on rational valuations--they are based on the psychological state of mania which cannot be reinstated once lost.

Consider tech stock Cisco Systems (CSCO), a well-managed "real company" which continues to make profits providing real-world goods and services. It currently trades at around $17.50 a share, down from its dot-com bubble valuation of about $81/share.

To "recover" its bubble-era valuation, Cisco would have to rise five-fold. That's not going to happen. Now that the mania has dissipated, Cisco is valued on more rational metrics like earnings, profits, etc. "

Good Day AR & nyc10022,

Interesting thread. Never gonna get it. Its over, not its not over.

There will always be denial...