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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (38592)	9/22/2003 8:01:08 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

what has happened to you?! It's just the way our brains are hardwired. Haim has disaster hard-wired into his brain. He can't help it. Back in 1998 Haim told me not to buy a house but wait for the housing market to crash. Glad I didn't listen. The market value on this house has almost doubled since then and our equity has tripled. But I didn't really expect that to happen and I don't expect it to continue. But it's hubristic for a New Yorker to think he knows how the DC housing market will go. So it would be hubristic of me to tell you how the Chinese stock market will go, and even more hubristic of me to dabble in Chinese real estate. If, for example, China decided to nationalize all American investment in China, it wouldn't be the first time a country has done that, and it wouldn't be the first time China has done it, either. I probably have expectations of disaster from dealing with China hardwired into my brain, and the more I interact with people from China, e.g., Yiwu, in cyberspace, the more I realize how much they hate the US. So for me, stay away. Oil prices are completely at the whim of OPEC, just as diamond prices are completely at the whim of the South African diamond cartel. Short term interest rates are at an historic low, but I wouldn't say they couldn't go lower. That's not completely at the whim of the Fed but almost.