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

To: Murrey Walker who wrote (41058)	9/7/2001 5:55:22 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

after Dow and S&P comes real estate the incredible mystery behind capacity-based recessions is the gradual cascade of asset value devaluation first come the silly then come the necessary eventually come the possible last comes the untouchable by virtue of racheted refinances and hiding in real estate, real estate becomes vulnerable been reading more and more about how ultra-rich have been hiding in real estate, after painful cuts to their wealth in stocks the simple act of hiding means purchasing, driving up price thru basic demand mechanisms next is discretionary selling, pushing supply to limits daahhh where is my $10k wire? / jw