Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (61110)	3/17/2005 3:52:11 PM
From: Maurice Winn	Read Replies (3) of 74559

Jay, I haven't bothered looking at housing investments, but your handy-dandy link tempted me. It does look as though there's a big bust coming. finance.yahoo.com That big rise starts right on the button when Uncle Al KBE slashed interest rates to ribbons and Americans went hog-wild borrowing and buying houses and using those houses to buy a lot more too [of a consumer nature such as holidays and gas guzzling dirty great Yank Tank SUVs]. Holy Moly, more of the same: finance.yahoo.com Hmmm, you could well be on to something. And as you say, same again finance.yahoo.com I'm sure the managers of those companies aren't all investing geniuses. I'm sure they have done it all on borrow and hope. I assume their business is building houses. Hmmm. We agree again. Even with financial relativity effects, and P:E under 10, they are out of orbit. It's weird when we agree. Something is amiss. Mqurice

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