A while back I wrote an article that said market corrections in housing, oil, and other areas of the economy were taking place and we all needed to get used to the new "normal" prices. Here we are, not even a year later with stock prices over 10,000, oil prices on the rise and housing prices starting to inch back up. I think it is happening too fast. The prices of the recent past were over valued and out of control. We shouldn't be hitting those old marks again so soon. To me, this does not indicate an economy that is recovering but rather one that is still broken.
Most personal budgets are very tight and the unemployment rate is still astounding. When people are finally back to work with more money in their pockets, then we should see prices slowly increase. A truly recovered market is one where prices are within the people's purchasing power.
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