<<The recent bubble in the US was confined largely to tech stocks...There is no bear market collapse. There is no recession. There is only the slaughter of overly fat pig stocks. Real estate is not collapsing. The service sector is not collapsing. Wages aren't collapsing.>>
Be patient, give it time, nothing happens over night, not Nasdaq going from 900 to 5000, not Nasdaq going from 5000 to 2200, unless we get hit by the moon.
Here is the script ... realestate is the last to spike and collapse, most of the time, especially when Central Bankers targets the stock market as proxy for economy, and not do the job they are supposed to do, targeting money and prices, defending the purchasing power and integrity of money.
Recommend "Devil takes the Hindmost", giving many scripts of many manias since the Roman times. There are some really simple common denominators throughout all the scripts, bar none. For these common denominators, there has not yet been
a "this time it's different".
Chugs, Jay |
