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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: ZOOB who wrote (10121)	10/27/2000 7:43:07 PM
From: ZOOB	Read Replies (2) \| Respond to of 65232

Anyone else have a difficulty getting on the porch over the last 16 hours......I kept getting an "internal server problem". You don't realize how dependent you become on opinions, information and general feel for the market...thanks to all....think we shall soak up some green sunrays for the next 8 weeks..... ZZZZZZZZZZ

To: ZOOB who wrote (10121)	10/27/2000 7:52:07 PM
From: Clappy	Read Replies (1) \| Respond to of 65232

Real estate bubble??? A friend of mine is a NYC fireman living in Westchester where the average home has doubled in price within 2 years.....cost is about $400K. There are bidding wars for real estate. What's wrong with this picture. This is exactly what I'm talking about. $300,000 buys you a small cape styled house in Hicksville Long Island. What is going to keep these prices so high when the bubble has been broken. Eventually we will see a recession and things will be bad. Besides losing much of the 401k in the market, those who try to sell their homes to go and retire may be forced to take a huge loss after paying into a mortgage for several years. With all the dotcoms failing it's possible that we will soon see a banking crisis like one that has never been seen before. Greenspan has let the air out of this bubble. Many say that he has hindered the growth of this racing economy. Some say it was essential to prevent a catastrophy down the road. I'm not sure, but I am beginning to see the other side of the coin now. Maybe he isn't as wrong as everyone says... The economy must grow at a slow steady rate in order to prevent these bubbles. In order to get back down to the average growth rate, we may need to see a severe drop in the markets. This may take much a much longer time frame than the one we would expect. These bears are beginning to make sense to me. Usually when they do, it indicates a bottom. This time I'm not sure. I don't even know how to invest in a bear market. Does it require you to buy a lump of gold and hide it in the basement? -ClappyTheDancingBear