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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (71526)2/6/2007 1:08:43 PM
From: Think4YourselfRead Replies (1) of 306849
 
I wouldn't worry about it and am not the slightest bit tempted to go long here. The profits are all on paper. If we get another 9/11 type shock those profits will vaporize instantly and nobody who has them will ever see a penny of that paper profit.

It's pretty clear that there's a lot of speculative money in the markets chasing anything that moves without any consideration of the consequences. I follow a new ethanol company that has been bid up lately. They don't even have a working model of their technology. They have NOTHING, except a guy who claims he has a revolutionary technology (that basic caloric math says can't work). The stock is just under $6 now when it would normally be just under $.06

If P.T. Barnum were alive right now he'd be the richest man on earth.
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