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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (24590)	1/13/2005 3:44:04 PM
From: Knighty Tin	Respond to of 110194

We could certainly be wrong. You can never tell when a bubble will burst or how high is too high. If a tulip is worth a dollar, you know $10 is too high, but if credit is easy, it may go to $10,000 before the bubble pops and some English sailor pops a tulip in his mouth thinking it's an onion. <G> The wise are out after it goes over a dollar. The dummies get in at $1000 and ride it up to $10,000, calling the smart folks idiots all the way. Then they ride it back to a dollar and call for the govt. to arrest somebody. <VBG>

To: John Vosilla who wrote (24590)	1/13/2005 3:45:09 PM
From: kikogrey	Read Replies (1) \| Respond to of 110194

Just got off the phone with my realtor friend (So. California). We were talking about some new attached housing units going for around $900,000 range (Lyon homes). She had looked at them previously, just got a notice that the price had been reduced $100,000 and they are giving her a $100 gift certificate to come in and look at the properties again. Doesn't sound too bullish to me.

To: John Vosilla who wrote (24590)	1/13/2005 3:49:13 PM
From: damainman	Read Replies (1) \| Respond to of 110194

This kinda reminds me of DELL during the Asia crisis of '98 (or was it '99?) - stocks went to hell but all DELL did was go up. Imo, homebuilder stocks aren't cracking because they are the only sector that one can reasonably be sure of to make the quarterly numbers (doesn't matter how, just that they do.). Techs in general are too dicey right now and so fund money has to go somewhere - straight to the bubble. From the looks of their yields, bonds are forecasting something horrible down the road and stocks (except homebuilders) seem to be finally getting it.