I could be mistaken, but: 

1. The current Secretary of the Treasury is advancing a SIV/commercial paper bank bailout that sounds suspiciously similar to the kinds of things Enron did that put several of their execs in jail and deep-sixed the company. 

2. Goldman Sachs has announced that- unlike every other bank on the planet- they were, and are, in a short position on mortgages.  They expect no mortgage-based impairments.  However, they also hold Level 3 assets (assets which are so illiquid, they are marked-to-model, not marked-to market) of approximately 72 billion dollars. 

3. NAR has reduced its 2007 sales projections in all 11 months of 2007…while maintaining the market will return to health in 2008.  NAR is also pressing Congress to allow deadbeat homeowners to deed in lieu of foreclosure and face no adverse tax consequence for doing so. 

4. Scads of local Realtors have their homes on the market. 

5. The Chairman of the Federal Reserve told Congress that he thinks it’d be pretty cool if there were a GSE- a la Fannie Mae or Freddie Mac- to do nothing but package jumbo mortgages.  I guess Fannie and Freddie’s stellar recent performances have inspired the Chairman to expand these enterprises.  Oh…Fannie Mae lost over 1 billion dollars in its most recent quarter. 

6. Inflation is not growing…at least, by a standard of measurement that assumes people can eat plasma TVs. 

If I had more time, I could keep adding to this list, but these six items are enough to make me think that we’re entering the endtimes.  I mean honestly, what are these people thinking?  We Realtors have been upfront and vocal in screaming for all kinds of handouts, bailouts and do-overs.  Now, it appears that it may come true.  And, the cruelest irony of all is that the handouts may be the thing that finishes off the market for good.