Bubble, Bubble, We're Still in Trouble

Like the professors Jim Gust quotes below, Alan Abelson in Barron's seems shocked that the stimulus package hasn't turned around the market and the economy, even before the first billions are spent. But Abelson also highlights the likely reason: As these charts indicate, the real estate bubble is far from deflated.
Abelson's guess: the DJIA will bottom around 6,000.