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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: KyrosL who wrote (26726)12/22/2007 10:14:19 PM
From: Maurice Winn  Read Replies (3) of 217576
 
There has been so much noise, drama, hissing and roaring about the coming collapse for a couple of years now that you'd think most people were clearing the decks and positioning to benefit from the crunch. Plenty have obviously not done so as shown by the continuing disclosures and crunches and refinancings by overseas buyers.

But, as with the Biotelecosmictechdot.com bust, which was a slow-motion train wreck rather than a 1929 out of the blue sudden announcement of disaster which remained uncertain for months and even years, perhaps the warnings have been sufficient for companies like Goldman Sachs to profit enormously at the expense of others who were gung ho to keep going and for wealth to change hands and everyone [more or less] carry on regardless.

It has now been two years since the housing decline got going. That's a lot of time. Edit... It's actually 2.5 years ago that HOV started heading down: [That's odd, the graph doesn't come up] finance.yahoo.com

That is a beautiful double head and shoulders graph.

But there is so much panic in the central banks and political world that it's obvious that there is plenty more where that came from.

Mqurice
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