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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TraderC who wrote (7354)	6/1/2004 2:58:48 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Your bias is blinding you to the facts of reality. On the contrary, your bias says that with CA up 100% and the national average only 7.7 there is no CA bubble because the national average is so low. That's the absurdity of your position. There are many areas of the country not in a housing bubble. California and Florida and NYC and Boston are. If my house doubled this last year or even last 3 years I would sell it. How anyone can argue there is no bubble in California is beyond me. Can the bunbble get bigger? Sure, why not. Isd it there? 100% without a doubt. Mish