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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (30870)5/6/2005 11:58:27 PM
From: Mike JohnstonRead Replies (4) of 306849
 
I think that we have moved into a panic driven, parabolic blowoff stage, the problem is that these things always go much higher than anybody can imagine. Nasdaq at 3500 was extremely overpriced but it still went up another 50%.

It seems that we are at a point where this bubble has become too big to fail (like you said 110M people).
In the nasdaq collapse millions had their retirement savings and brokerage accounts slashed, but overall no big deal.

This beast is different, you might potentially have millions lose their homes, banks collapse, millions lose their jobs.

What will the Fed do ?
For now, they print money in unbelievable amounts( 73 billion in just 2 weeks )
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