Chicken Little & Today's Market

An acorn fell. Chicken Little, in the absence of fact, declared the sky is falling.

His panic was enough to persuade all the other animals to race in fear of the inevitable.

Panic somehow trumps fact.

Given a set of possibilities it’s only proper to assess risk. Worst case scenario thinking is a positive… as long as it does not trump facts.

Here’s today’s panic news: rising foreclosures, falling prices.

Here’s today’s fact: low rates, low prices.

For the home buyer, the sky is not falling.

It’s never been bluer.

Buyers: don’t be chicken.