Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Vosilla who wrote (30870)	5/6/2005 11:58:27 PM
From: Mike Johnston	Read Replies (4) \| Respond to of 306849

I think that we have moved into a panic driven, parabolic blowoff stage, the problem is that these things always go much higher than anybody can imagine. Nasdaq at 3500 was extremely overpriced but it still went up another 50%. It seems that we are at a point where this bubble has become too big to fail (like you said 110M people). In the nasdaq collapse millions had their retirement savings and brokerage accounts slashed, but overall no big deal. This beast is different, you might potentially have millions lose their homes, banks collapse, millions lose their jobs. What will the Fed do ? For now, they print money in unbelievable amounts( 73 billion in just 2 weeks )