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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (6548)	11/3/2002 4:19:01 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Your saga is not unlike my own except I would never classify myself as a bear. I've waited out the last two years largely in cash. I own stocks now because what I own is developing very well from a fundamental perspective as hard as that is for the bears to believe. So when do you switch back to buying stocks? Seems the bond market has already issued its early warning. Although there are plenty out there looking for a bounce so they can dump their bonds (me). If you think stocks can blow up you haven't lived until you own bonds that blow up. And RIETs, bless their little hearts, can lose half their value over night. I lived that one once and once was enough. Your principle gets cut in half and then they cut the divi....insult to injury. Limited upside with the same downside risk you get holding equities and you get to pay tax on the income. When these things happen you'll hear lots of people saying things like, "Well I'm going to hold this REIT for the long term for income so I don't care what the price is." Meanwhile stocks are returning twice or three times the yield but most are too scared to buy so they don't participate.