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The Dow broke 10,000 today. This seemed unimaginable just a few short months ago. Is it possible that the economy is really turning around or is this just a temporary bubble/bump before the next wave of foreclosures and trouble?

While the stock market seems to be sort of having a bumpy trip back upwards, only to be brought back down briefly by reports of unemployment, the real estate market does not seem to be in any hurry to climb back to the height of the bubble. In fact, houses still seem to be sitting on the market, and there was a 60 minutes episode not too long ago that warned of a possible second tide of foreclosures in residential real estate, to say nothing of the potential for foreclosures in the commercial real estate sector. (more…)