John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: CapitalistHogg™ who wrote (8493)	12/4/2007 12:58:34 PM
From: estatemakr	Read Replies (1) of 33421

Well, too, could be that that the shoe fits you ;-) The average consumer who is currently in over their head, with an ARM that they should have never been in, does not possess your knowledge of the financial markets, and knows nothing of "margin", "leverage", etc........ At what point does one need to be responsible for their own actions?? Is it always the bank's fault, the gov't fault??? When does Joe Blow consumer need to actually act like they have a brain and be responsible for their decisions?? I know several young couples who are now salivating at the opps before them to finally get into a home. They were all smart enough to wait. Sure, a few of them I counseled to hang in there and wait, others figured it out on their own. Young couples today are like kids in a candy store - they want it all NOW!!! They all need counseling from their grandparents that lived through the depression. Let the markets work it out! I'm a new fan of Dick Army! :-) "if you didn't lever up, you got left behind" What, you never heard the story about the tortoise and the hare?? ;-)

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