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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Peter V who wrote (114545)4/3/2008 3:06:26 PM
From: PerspectiveRead Replies (1) of 306849
 
I keep telling myself it's a GOOD thing the markets aren't rational and instant discounting mechanisms - otherwise there would be little opportunity to profit from it. We need markets to have irrational optimism and irrational pessimism to create opportunity. The trouble is all in the timescales. I'd like the market to remain irrational just long enough for me to get positioned, and then turn! Markets are in week 11 of gravity defying correction - except in homies where some are in week 20+. It would be nice if it only lasted 10-20 days, not weeks. But I'm guessing it doesn't extend to months.

I keep telling myself, as long as I'm not overly leveraged, and as long as I'm in the correct sectors, I will come out ahead. Bull markets are sooooo much easier - bear markets are such a pain in the a$$...

`BC
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