In an article on SeekingAlpha, the writer says,

“This cycle will turn when the cash flow yield of assets reaches levels people can make money on in the worst environments; where equity funds new projects with no debt, and the profit is obvious.”

We agree.  Investors will of course jump in when it’s a no-brainer… but we can’t shake the feeling that there are some of those opportunities out there right now – we just need to find ‘em.